Large health systems are fueling healthcare innovation by making their own investments in biotech, therapeutics and health tech by supporting intriguing new startups.
Here are four investments health systems have made since Jan. 5:
- Houston-based Memorial Hermann Health System is investing an undisclosed amount in telenutrition company Foodsmart and is joining the company's Foodscript Network as a founding member.
- Northwell Holdings, the venture capital arm of New Hyde Park, N.Y.-based Northwell Health, poured $45 million into data analytics company Holmusk.
- The venture capital arm of Houston-based Memorial Hermann participated in a $375 million funding round for Monogram Health, a home healthcare company specializing in providing care and benefit management services to patients with polychronic conditions.
- Rochester, Minn.-based Mayo Clinic has obtained a stake in Endiatx, a startup making a pill-sized robot to diagnose digestive conditions, under a know-how licensing agreement with the company.