Ascension Health Ventures, a subsidiary of St. Louis-based Ascension Health, has officially closed on a $225 million venture capital fund — the third such fund the group has finalized.
The fund, CHV III, will invest in healthcare firms that specialize in information technology, medical devices and diagnostic services that "have the potential to deliver financial returns as well as support the strategic initiatives of the fund's health system limited partners," according to the news release. Intermountain Healthcare in Salt Lake City and Decatur (Ill.) Memorial Hospital are joining Ascension as partners in CHV III.
Ascension Health, the largest Catholic and non-profit health system in the country, created AHV in 2001 with a $125 million fund. Its second venture capital fund, the $200 million CHV II, was launched in 2007 with San Francisco-based Dignity Health, Englewood, Colo.-based Catholic Health Initiatives and Newtown Square, Pa.-based Catholic Health East.
Ascension also has a funding joint venture, Ascension Health Care Network, with private equity firm Oak Hill Capital Partners.
The fund, CHV III, will invest in healthcare firms that specialize in information technology, medical devices and diagnostic services that "have the potential to deliver financial returns as well as support the strategic initiatives of the fund's health system limited partners," according to the news release. Intermountain Healthcare in Salt Lake City and Decatur (Ill.) Memorial Hospital are joining Ascension as partners in CHV III.
Ascension Health, the largest Catholic and non-profit health system in the country, created AHV in 2001 with a $125 million fund. Its second venture capital fund, the $200 million CHV II, was launched in 2007 with San Francisco-based Dignity Health, Englewood, Colo.-based Catholic Health Initiatives and Newtown Square, Pa.-based Catholic Health East.
Ascension also has a funding joint venture, Ascension Health Care Network, with private equity firm Oak Hill Capital Partners.
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