OSF Ventures launches $100M innovation investment fund, its largest to date

OSF Ventures launches 0M innovation investment fund, its largest to date

OSF Ventures, the expense arm of Illinois-based mostly OSF Healthcare, announced this 7 days the launch of a $100 million fund targeting early improvements that could be deployed in just the overall health technique.

The fund is OSF Ventures’ 3rd money investment decision fund and its major. To day, the plan has built 26 immediate investments and observed 9 successful exits.

OSF Ventures now retains $250 million in assets underneath administration and has an active portfolio of 17 providers.

“Our genuine fingers-on use in piloting the technological innovation, or collaborating in other methods, is what we benefit in the approach. This will allow us to give meaningful feedback that final results in our portfolio businesses producing successful remedies that are actually valuable to our affected individual foundation,” stated Stan Lynall, vice president of venture investments at OSF Ventures, in a assertion.

“Scaling investments through partnerships and realistic collaborations with budding tech organizations from throughout the globe allows us deliver rising wellbeing treatment answers to OSF Health care clinics and hospitals, most often ahead of they are broadly promoted and deployed,” he reported.

OSF Ventures targets digital overall health goods, tech-enabled services and various professional medical systems for its investments.

Associated: HCA, Eli Lilly, Atrium Well being back again $55M venture fund to commit in Black-launched and -led health startups

Lynall’s workforce has vetted approximately 1,500 prospective financial investment targets considering that kicking off the software in 2016 and counts health tech names like SilverCloud Overall health, Recent Wellbeing, Stage Ex and Wellness Catalyst among the its exiting class. Outside the house of direct investments, the group has also invested in 3 other health care-centered undertaking money funds.

The enterprise program’s money have been “a important component” of OSF HealthCare’s broader drive to foster and at some point adopt healthcare innovations out of startups and business owners, in accordance to the announcement.

SilverCloud’s on line and application-dependent behavioral well being system, for occasion, was piloted and later totally applied across the 15-healthcare facility method.

Similarly, OSF OnCall Electronic Wellbeing CEO and Chief Strategy Officer Michelle Conger mentioned her young healthcare navigation platform has also benefited from early adoption and comments from the financial investment method and wellness process.

“We experienced a head get started in the early times of the pandemic, due to the fact we experienced by now vetted methods and had strategically planned for implementing various of the new communication instruments we deployed, albeit at an accelerated rate,” she mentioned in a statement. “We ended up well prepared for the reason that of our extensive-selection innovation program, like important investments and collaborations through OSF Ventures.”

“We are fortuitous to have leaders who are remarkably dedicated to innovation at OSF Healthcare,” Lynall claimed.