3 moves from health system venture capital arms

Hospital and health system venture capital arms help provide financial investment and resources to startups. These companies may generate additional revenue for the health system if they are successful.

Here are three moves from health system VC arms Becker's has covered since Oct. 28. 

  • Boston-based Mass General Brigham Ventures, the venture capital arm of Mass General Brigham, joined a $26 million investment round for virtual pediatric mental health treatment platform InStride Health. Created by two Harvard-trained clinicians, InStride Health offers pediatric patients struggling with mental health issues individual and group therapy, coaching and medication management.

  • New Hyde Park, N.Y.-based Northwell Health invested $1 million in medical device company Lazzaro Medical, which offers a robotic surgery platform for tracheal repair.

  • Ballad Ventures, the venture capital arm of Johnson City, Tenn.-based Ballad Health, has appointed Amit Vashist, MD, and Pam Austin as key advisers. Dr. Vashist, who serves as the health system's chief clinical officer, will also serve as the senior clinical adviser facilitating a direct connection between Ballad Ventures and the clinical enterprise of Ballad Health. And Ms. Austin, who serves as the health system's CIO, will also serve as Ballad Ventures' senior information and technology adviser. 

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