A group of three Catholic healthcare systems have come together to create a $200 million venture capital fund. The systems, which include Ascension Health, Catholic Health Initiatives and Catholic Health East, will invest in later-stage device, technology and service companies, as well as other healthcare-focused venture funds.
The new fund is being managed by St. Louis-based Ascension, which is the largest Catholic and private not-for-profit healthcare system in the U.S. Ascension, which has managed a separate $125 million fund since 2001, has generated $29 million to date from its existing fund.
To find out more about the fund:
- read this Modern Healthcare piece
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