Grand Rapids, Mich.-based Spectrum Health has a venture capital arm that invests in companies aligned with its strategic vision that can enhance its clinical operations, focusing on those with experienced management teams and revenue streams of $1 million or more.
Founded in 2017 with $100 million, Spectrum Health Ventures avoids funding class III medical devices, pharmaceuticals or biotech, and pre-revenue firms.
More things to know about Spectrum Health Ventures:
Noteworthy companies in its portfolio
Top executives
- Scott McLean, managing director
- Christian Rische, principal
- Dan Smith, director of commercialization
Recent headlines
- Invested in tech-based cost-cycle company SpendMend on Sept. 22.
- Participated in a $24 million series A funding round Aug. 17 for KeyCare, a digital health company built with Epic.
- Was joined by Houston-based Memorial Hermann Health System on June 9 in investing in outsourced pharmaceutical compounder Leiters.