Heritage Group, a US-based venture capital firm backed by 15 strategic limited partners in healthcare, has raised $317m for its third fund, PE Insights has reported.
Heritage Healthcare Innovation Fund III has about 50 investors and the firm references AdventHealth, Amedisys, Blue Cross Blue Shield of Tennessee, CardinalHealth, Cerner, Community Health Systems, Health Care Service Corporation, Horizon Blue Cross Blue Shield of New Jersey, Intermountain Healthcare, LifePoint Health, Memorial Hermann, Sutter Health, Tenet Health, Trinity Health and UnityPoint Health as strategic partners.
Scott Nordlund, chief strategy and growth officer at Banner Health, said: “Heritage’s strategic engagement is outstanding and allows us to work together as true partners.
“We are able to lend our expertise and share the key pain points that we encounter as we strive to provide care in a value-based model, which requires new ways of reaching and treating consumers and patients.
“Heritage has been instrumental in identifying innovative businesses that solve these concerns for our organisation.”
Heritage had previously raised $220m for its second fund in 2016 and has invested in companies including Medical Solutions, Sharecare, HealthChannels, Abode Healthcare, MDLive, Lumere and Spero Health.
