AHA, Concord Health Partners launch fund to invest in health innovation
The AHA and Concord Health Partners today announced the launch of a $50 million venture capital fund to invest in early-stage health care companies that provide products, services and solutions that help hospitals and health systems transform care delivery, connect with entrepreneurs and spur innovation.
“All across the country, hospitals and health systems are innovating and transforming to meet the changing needs of their patients and their communities,” said AHA President and CEO Rick Pollack. “The AHA Fund will allow them to invest in the solutions that hospitals and health systems truly need. By finding the right business partners, the AHA Fund can help fund, guide and scale solutions offering the greatest transformational value for hospitals and health systems.”
The fund is sponsored and managed by Concord Health Partners, a health care-focused investment firm, with AHA as the anchor limited partner investor.
“Concord is focused on identifying and supporting health care companies with solutions that address affordability, quality and access to care,” said James Olsen, Concord founder and managing partner. “The AHA Fund aligns interests and delivers strategic value to both health systems and portfolio companies. We are excited to be part of this collaborative effort with the AHA to advance and accelerate innovation in health care.”