Echo Health Ventures has joined Arkansas Blue Cross Blue Shield's investment arm in a strategic initiative aimed at scaling up healthcare businesses.

Echo Health Ventures, the US-based corporate venturing vehicle backed by healthcare provider Cambia Health Solutions, has launched an investment collaboration with health insurance provider Arkansas Blue Cross Blue Shield.

The initiative, dubbed Echo Innovation Alliance, will involve Echo Health and Arkansas Blue Cross Blue Shield’s USAble Corporation subsidiary partnering on investments in developers of transformative healthcare technology, services and digital health products.

Echo Health Ventures was founded in 2016 to combine corporate venturing activity for Cambia and Mosiac Health Solutions,…