Care systems add to Heritage for $220m fund

May 3, 2016 • Robert Lavine

Healthcare-focused venture capital firm Heritage Group has closed $220m for its latest Healthcare Innovation Fund, having received investments from 15 care systems.

US-based venture capital firm Heritage Group closed its latest Healthcare Innovation Fund at $220m yesterday after securing contributions from limited partners including 15 regional healthcare systems.

The fund was oversubscribed by $20m, and is more than $50m larger than Heritage’s last Healthcare Innovation Fund.

LPs for the latest fund include care systems Adventist Health System, Amedisys, Cardinal Health, Cerner, Community Health Systems, Health Care Service Corporation, Horizon Healthcare Services, Intermountain Healthcare, LifePoint Health, Memorial Hermann Health System, Sutter Health, Tenet…

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