How 3 hospitals are spending innovation investment dollars

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Here are four investments health systems recently made in innovation-focused startups, internal projects and venture funds.

  1. St. Louis-based Ascension's venture arm invested in Strive Health, a health tech company providing kidney care, during a $140 million series B financing round.

  2. Providence's digital health spinout DexCare recently closed a $20 million investment round backed by the Renton, Wash.-based health system's innovation arm and Kaiser Permanente Ventures.

  3. Miami-based Baptist Health South Florida launched a new healthcare technology innovation fellowship to foster development of new products and interventions in healthcare. It will match a $1 million grant from the Knight Foundation to fund the fellowship, which applications open for June 1.

  4. 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.

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