Hospital and health system venture capital arms help provide financial investment and resources to startups. If successful, these companies have the potential to generate additional revenue for the health system.
Here are five moves from health system VC arms Becker's has covered since Nov. 14:
- Intermountain Ventures, the venture capital arm of Salt Lake City-based Intermountain Healthcare, joined a $90 million series E funding round for virtual care provider Maven Clinic.
- Kaiser Permanente Ventures, the VC arm of Oakland, Calif.-based Kaiser Permanente, led a $12 million funding round for Validic, a digital health company focused on remote patient monitoring.
- TGH Innoventures, Tampa (Fla.) General Hospital's innovation center and venture fund, joined in a $27 million financing round for Medical Informatics Corp., a virtual care and analytics company.
- Cancer Focus Fund, a venture capital arm of Houston-based University of Texas MD Anderson Cancer Center, joined a $25 million series A funding round for Nectin Therapeutics, which develops novel immunotherapies.
- Ochsner Ventures, the venture capital arm of New Orleans-based Ochsner Health, is participating in a $113 million venture fund in Louisiana. The funding came from the U.S. Treasury Department's State Small Business Credit Initiative to invest in high-growth startups.