Healthcare Informatics | LRVHealth’s $100M Venture Fund Includes Health Systems as Investors
Keith Figliolis
Boston-based investment firm LRVHealth has launched an early-stage platform for digital health, medical devices and diagnostics, fueled by $100 million in venture capital.
Partnering on the fund are more than 20 healthcare industry insiders and thought leaders, eight national healthcare systems and the Innovation Institute, a for-profit LLC owned by six non-profit health systems, operating in 20 states. (The Innovation Institute owners include Avera, Bon Secours Health System, Children’s Hospital of Orange County, Franciscan Missionaries of Our Lady Health System, Mercy Health and Providence St. Joseph Health. An LRV Health spokesman said the only other healthcare system investor they can currently name is Michigan-based McLaren Health Care.)
LRVHealth, formerly known as Long River Ventures, said the platform is designed for identifying, creating and investing in “disruptive,” early-stage companies across healthcare IT, healthcare technology-enabled services, devices and diagnostics.
Founded in 2000, LRVHealth said the nonprofit healthcare systems at the core of its partner ecosystem represent148 hospitals and 1,882 non-acute care settings with more than 25,000 clinicians covering over 43 million Americans across 23 states. More…
