Issue link: https://beckershealthcare.uberflip.com/i/1482786
51 INNOVATION UPMC, General Catalyst, Samsung, CVS Health join $65M funding round for healthcare company By Naomi Diaz R edesign Health, which launches other healthcare companies, raised $65 million in a series C funding round led by General Catalyst, Fast Company reported Sept. 13. Redesign's team, which consists of about 300 researchers, assembles, brands and launches healthcare startups. The latest funding will go toward Redesign's operations and platform. Hemant Taneja, General Catalyst CEO and managing director also joined Redesign's board, with CVS Health Ventures, UPMC Enterprises, TriplePoint Capital and Samsung Next also participating in the round. In addition to investing, CVS Ventures, General Catalyst and UPMC Enterprises entered into innovation agreements with Redesign Health. This means the companies can use Redesign's platform tools, technologies and insights to help build and support businesses. n 22 health systems with investment arms By Naomi Diaz H ealth systems across the U.S. are increasingly embracing venture capital as a way to test new technologies, a shift away from the traditional reliance on developing in-house intellectual property. The innovation funds or venture capital funds health system create help provide financial investment and resources to start-ups in their portfolio. The companies may generate additional revenue for the health system if they are successful. 22 health systems with investment arms: 1. Ascension (St. Louis): Ascension Ventures 2. Cleveland Clinic: Cleveland Clinic Ventures 3. Elmhurst Memorial Hospital (Warrenville, Ill.): Edward-Elmhurst Health Venture Capital 4. Henry Ford Health System (Detroit): Henry Ford Innovations 5. Intermountain Healthcare (Salt Lake City): Intermountain Ventures Fund 6. Indiana University Health (Indianapolis): CHV Capital 7. Jefferson Health (Philadelphia): Jefferson Innovation 8. Johns Hopkins (Baltimore): Johns Hopkins Technology Ventures 9. Kaiser Permanente (Oakland, Calif.): Kaiser Permanente Ventures 10. Ochsner Lafayette (La.) General Health: Healthcare Innovation Fund 11. Mayo Clinic (Rochester, Minn.): Mayo Clinic Ventures 12. MemorialCare (Long Beach, Calif.): MemorialCare Fund 13. NewYork-Presbyterian (New York City): NYP Ventures 14. Northwell Health (New York City): Northwell Holdings 15. Orlando Health: Orlando Health Ventures 16. OSF HealthCare (Peoria, Ill.): OSF Ventures 17. Partners HealthCare (Boston): Partners Innovation Fund 18. Providence (Renton, Wash.): Providence Ventures 19. Texas Medical Center (Houston): TMC Venture Fund 20. UnityPoint Health (West Des Moines, Iowa): UnityPoint Health Ventures 21. University Hospitals (Cleveland): UH Ventures 22. UPMC (Pittsburgh): UPMC Enterprises n