Philanthropy

Ara Chackerian – Med Tech and how He Invests

TMS Health Solutions specializes in providing magnetic stimulation therapy, a treatment that first received FDA approval in California in 2008. When Ara Chackerian first looked into transcranial magnetic stimulation, he was awestruck by the amazing results it provided for sufferers of Major Depressive Disorder.

Ara Chackerian and his business partner, Brad Hummel, were planning to expand their experience into another field of medical technology and chose transcranial magnetic stimulation as their investment. Prior to this, the two of them had built outpatient facilities in Northern California that specialized in radiology diagnostics.

They had the experience necessary to build a business around transcranial magnetic stimulation, but they did not know much about the actual technology. To learn more, they reached out to a man who used the technology in his private practice, Dr. Richard Bermudas. Dr. Bermudas had met some obstacles in the expansion of transcranial magnetic stimulation, namely most insurance companies that he dealt with did not provide coverage for transcranial magnetic stimulation.

The team had a shared vision to create a new kind of outpatient treatment space. They hired an architect to design the first TMS Health Solutions office. They wanted the space to be large and roomy. They also wanted it designed to make patients comfortable and more receptive to their therapy.

There are seven TMS Health Solutions offices today. The average office is over 3000 square feet in size, with this space divided mainly into offices for the patient consultation, and rooms that house the transcranial magnetic stimulation equipment.

Ara Chackerian is also an investor. He acts as a managing partner for the firm ASC Capital Holdings, LLC. Through this firm, Chackerian oversees investments placed in growing healthcare companies. Check out limonapateak to see more.

Chackerian is a philanthropist, and he has put a lot of work into environmental conservation efforts, both in the United States and abroad.

Read more: https://www.crunchbase.com/person/ara-chackerian#/entity

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