Lafayette (La.) General Health announced Aug. 27 the creation of its second dedicated fund for investments in early-stage innovative healthcare companies.
The Healthcare Innovation Fund II will focus on companies that advance innovation and efficiency within the healthcare marketplace, and that align with the goals of the fund's investors, including Lafayette General, Jefferson, La.-based Ochsner Health System and Lafayette-based ambulance service Acadian Companies, among others.
Chief among those goals are improving patient care and experience, advancing a value-based payment system, automating back office processes and using data and deep learning technologies to streamline healthcare delivery.
"HIFII's approach is highly collaborative. Our mission is to catalyze fundamental transformation in U.S. healthcare. Together with our investors, HIFII is creating an ecosystem of best-in-class partners who work together to tackle our largest healthcare challenges," said Cian Robinson, executive director of innovation, research and real estate investments for Lafayette General.
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