Hospitals and health systems are making financial investments into startups. If successful, these companies have the potential to generate additional revenue for the health system.
Here are five investment moves from health systems Becker's has covered since March 27:
- Northwell Holdings, the venture capital arm of New Hyde Park, N.Y.-based Northwell Health, has invested in a $1.25 million funding round for a company combining neurostimulation and artificial intelligence to restore movement in patients after a stroke or traumatic injury.
- The venture capital arm of Houston-based Memorial Hermann Health System joined an investment round for KabaFusion, a provider of home infusion services.
- The venture capital arm of Salt Lake City-based Intermountain Health participated in a $10 million seed round for biotech company CTRL Therapeutics.
- Cedars-Sinai Health Ventures, the Los Angeles-based health system's venture capital arm, led a $6 million series A funding round for cardiac data company RhythmScience.
- Houston-based Memorial Hermann Health System backed tech-focused, value-based care company Wellvana Health in an $84 million funding round.