The American Hospital Association (AHA) closed a $50 million strategic venture capital fund with Concord Health Partners aimed at investing in early-stage healthcare companies.
The AHA Innovation Development Fund, or AHA Fund, is sponsored and management by Concord, which is a healthcare-focused investment firm based in New York. AHA is the anchor limited partner investor.
The fund was formed to invest in early-stage healthcare companies that provide products, services and solutions that help hospitals and health systems transform care delivery, spur innovation and connect hospitals and entrepreneurs.
“All across the country, hospitals and health systems are innovating and transforming to meet the changing needs of their patients and their communities,” said AHA President and CEO Rick Pollack in a statement. “The AHA Fund will allow them to invest in the solutions that hospitals and health systems truly need. By finding the right business partners, the AHA Fund can help fund, guide and scale solutions offering the greatest transformational value for hospitals and health systems.”
