Inova Health System launches venture capital arm

Falls Church, Va.-based Inova Health System launched Inova Strategic Investments and the Inova Personalized Health Accelerator on Tuesday.

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Inova Strategic Investments will invest in healthcare venture funds and directly into companies aligned with the system’s strategic priorities. The Inova Personalized Health Accelerator will provide education and capital to entrepreneurial companies, which will work with Inova to drive development of personalized health innovations.

“The healthcare industry is undergoing dramatic transformation, including advances and disruption in clinical practice and precision medicine, the increased availability of health data online and growing consumer engagement in personal wellness,” said Knox Singleton, CEO of Inova Health System. “These changes provide new opportunities and a real imperative for Inova to facilitate development and adoption of the next generation of innovations that will improve the way we deliver care.”

Both Inova Strategic Investments and the Inova Personalized Health Accelerator will be housed in the Inova Center for Personalized Health.

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