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.
GRAND RAPIDS — By creating a $100 million venture capital arm, Spectrum Health joins the ranks of U.S. health systems that invest money in companies developing new ways to treat patients and maintain health.