Heritage Group, a venture capital firm based in Nashville, Tenn., has closed a funding round for its Healthcare Innovation Fund, raising $220 million.
The Healthcare Innovation Fund supports companies building solutions to healthcare's pressing challenges.
Investors in this funding round include:
Adventist Health System (Altamonte Springs, Fla.)
Amedisys (Baton Rouge, La.)
Cardinal Health (Dublin, Ohio)
Cerner (Kansas City, Mo.)
Community Health Systems (Brentwood, Tenn.)
Health Care Service Corp. (Chicago)
Horizon Healthcare Services (Newark, N.J.)
Intermountain HealthCare (Salt Lake City)
LifePoint Health (Brentwood, Tenn.)
Memorial Hermann Health System (Houston)
Sutter Health (Sacramento, Calif.)
Tenet Health (Dallas)
Trinity Health (Livonia, Mich.)
UnityPoint Health (West Des Moines, Iowa)
"We're delighted by the ongoing support of our existing investors, and we're excited to have welcomed several new strategic investors to Heritage," said Paul Wallace, managing director at Heritage Group, in a statement. "In this era of unprecedented change in healthcare, we're proud to contribute to provide our partners with significant financial returns, along with the opportunity to engage deeply in addressing critical problems in the healthcare industry."
More articles on innovation:
Apple invests $1B in Chinese Uber competitor
UW Medicine signs deal with Chinese genomics firm to advance biomedical tech
Indiana’s healthcare app Connect-a-thon draws talent, innovation