Becker’s Health IT & CIO Report mentions Ascension Ventures in a recent story about how health systems are using venture capital arms to invest in health information technology, services, medical devices and solutions.
The piece notes that Ascension Ventures manages more than $800 million in capital and partners with a number of nonprofit health systems.
Ascension Ventures adds value by sharing its portfolio companies’ solutions across its limited partner base. The work of Ascension Ventures generates returns to is limited partners, including Ascension, that help support their missions to provide care to those who are poor and vulnerable. Its 13 limited partners represent:
- 462 acute care hospitals and numerous other healthcare related facilities
- Coverage in 41 states and the District of Columbia
- Approximately $96 billion in combined annual operating revenue
- 572,000 associates