The venture fund, Spectrum Health Ventures, will invest in established companies instead of startups to minimize risk, according to the report. Areas of possible investment include genomics, precision medicine, artificial intelligence, population health issues and digital and monitoring technology.
Officials said they have received more than 50 deal applications since launching the fund. Of the proposals received, officials plan to potentially pursue one of the ventures.
More articles on healthcare finance:
S&P raises rating on Baptist Health’s bonds to ‘AA’
Moody’s affirms ‘Baa2’ rating on Jupiter Medical Center’s bonds
Moody’s affirms ‘Aa3’ rating on Mercy Health’s bonds
