Mass. hospitals contribute to $3.5M equity funding round for healthcare startup

Six Massachusetts hospitals are participating in a $3.6 million equity funding round to support Blue.Point, an Andover, Mass.-based healthcare startup company, according to the Boston Business Journal.

The investing organizations include New Bedford-based Southcoast Health, Burlington-based Lahey Health, Tewksbury-based Covenant Health System, Westford-based Circle Health — the parent company of Lowell (Mass.) General Hospital — Berkshire Health System in Pittsfield and Glens Falls Hospital in New York City, according to the report.

Blue.Point, which focuses on hospital analytics and supply chain management, says it hopes to use the funding to expand its client base. The 11-person company already works with 125 hospital clients, including its six most recent investors.

Blue.Point is a spinoff company from Yankee Alliance, a group purchasing organization in Andover, according to the report. The six investing hospitals were members of the alliance and helped develop the new company's technology.

Copyright © 2025 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


You can unsubscribe from these communications at any time. For more information, please review our Privacy Policy
.
 

Articles We Think You'll Like

Thank you so much for your interest in our content. Please register to access this complimentary archived content. By registering, you will receive our newsletter which can be opted out of at any time.

 

 

Already Registered? Click here to confirm.