- Nationwide Children’s Hospital and Ohio State University, both based in Columbus, joined a new $1 billion innovation district in Columbus focused on virus, pathogens, stem cell therapies and cancer research. Ohio State will invest $650 million, Nationwide Children’s Hospital will invest $350 million and JobsOhio will invest $100 million in the project.
- Cleveland Clinic is launching a new infectious disease research center through a $500 million innovation collaboration with the city of Cleveland and JobsOhio. Cleveland Clinic will put up $300 million in funds while JobsOhio will invest $200 million.
- Ascension Ventures, the healthcare venture arm of St. Louis-based Ascension, closed a $285 million strategic venture capital fund, bringing the firm’s total assets to more than $1 billion. The new fund is backed by 13 health system partners and is Ascension Ventures’ fifth venture capital fund.
- Providence’s digital health spinout DexCare closed a $20 million investment round backed by the Renton, Wash.-based health system’s innovation arm and Kaiser Permanente Ventures.
- Rochester, Minn.-based Mayo Clinic led an $8.2 million funding round for TripleBlind, a digital privacy and data sharing platform.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.