Displaying items by tag: Spectrum Health Ventures LLC
A Grand Rapids-based venture capital fund that will invest nationally in companies owned by minorities has secured commitments now totaling $6.25 million, with potentially millions more on the way.
GRAND RAPIDS — A new venture capital fund to invest in businesses owned by racial and ethnic minorities looks to secure financial backing locally before reaching out nationally for investors.
The COVID-19 pandemic and resulting emerging market needs gave opportunity to two Grand Rapids-area health care technology companies.
GRAND RAPIDS — Spectrum Health Ventures LLC’s latest investment follows a new corporate strategy from its parent health system to buy locally more often.
Spectrum Health Ventures LLC’s latest investment went to a Grand Rapids tech company that provides an in-room, interactive platform to give information for hospitalized patients.
GRAND RAPIDS — Spectrum Health Ventures LLC was among the lead investors that invested $10.3 million in Vynca Inc., a Palo Alto, Calif.-based provider of advanced care planning.
GRAND RAPIDS — Two years ago, the venture capital arm that health system Spectrum Health formed to back innovative health care startups had to go looking for deals because nobody in the field knew it existed. Today, Spectrum Health Ventures LLC faces a much different situation. Investment prospects now often come from referrals by other large health systems across the U.S. that also operate venture capital arms and want co-investors for deals.
GRAND RAPIDS — Spectrum Health joined a consortium of large health systems across the U.S. as way to reduce the cost and ensure the availability of generic medications. Through the nonprofit Civica Rx, the Grand Rapids-based health system hopes to cut by 20 percent or more the cost of generic drugs used in surgeries and patient treatments.
GRAND RAPIDS — A new business arm gives Spectrum Health the ability to delve deeper into commercializing medical innovations alongside other health systems across the nation.
GRAND RAPIDS — Spectrum Health has committed $7.5 million to a new Chicago-based venture capital fund that backs emerging heath care technologies.