The venture capital arm of OSF Healthcare has launched its sophomore fund, after raising $75m in capital commitments.
OSF Ventures is set to use the fund to continue its strategy of investing in companies providing new technology, devices and services for the healthcare industry.
The firm closed its first fund on $75m back in 2016, and would go on to assess more than 700 medical startups at the early or mid-stage of development.
OSF made its first investment over three years ago, and since then has directly invested in 15 companies and is on the verge of closing another.
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“Our venture program is strategically focused. We are only investing in technologies that improve patient care and outcomes, or reduce costs to our health care system,” said OSF Ventures vice president Stan Lynall
The firm’s investment portfolio also includes venture funds, Ascension Ventures and LRV Health.
Illinois-headquartered OSF HealthCare owns and operates 13 hospitals and 11 centers for health across Illinois and Michigan.
Date: August 05, 2019
Source: AltAssets