US-based healthcare IT provider Solve Healthcare has launched a corporate venturing subsidiary named Solve Ventures.
The investment division will target startups in the digital health and medical diagnostics sectors. It will initially invest through two distinct funds, which it is currently raising, the flagship vehicle SV Fund I and the doctors-support initiative Physician Fund I.
Solve Ventures will work through a national network of Innovation Centres, though it has not provided more details.
Sajjad Khan, a managing partner at Solve Ventures, said: “We have seen countless solutions providers fail as a consequence of misalignment with the needs and practical usability considerations of healthcare organisations.
“By fostering a transparent, accountable dialogue between innovators, clinicians, administration and patients, we believe we can drive adoption of the right solutions and give all parties the best chance to succeed.”
Solve Ventures was announced concurrently to the appointment of David Lee as Solve Healthcare’s new chief healthcare officer. He previously served as president and chief executive of Huntington Health Physicians.