Town Hall Ventures, a Minneapolis, MN- and NYC-based firm that aims to address the healthcare challenges of the most vulnerable Americans, closed its first fund, at $115m.
Limited Partners represent multiple non-profit health systems and payors, along with transformational entrepreneurs, executives, and investors.
Led by founding partners Trevor Price, Andy Slavitt, and David Whelan, Town Hall is being built on a foundation of broad and deep expertise in building companies to improve care in Medicare, Medicaid, and risk-based care, and in addressing complex conditions and social determinants of health.
These areas of focus touch almost 120 million Americans and approximately $1.2 trillion in annual health care spending.
Town Hall has already invested in:
– Landmark Health, LLC, which provides home-based care to high-acuity Medicare, Medicaid, and Dual Eligible populations who are frail and chronically ill.
– Bright Health, Inc., a technology-enabled health insurance plan that is built in partnership with health systems.
– Strive Health, LLC, a provider of chronic kidney disease solutions.
The firm also announced that Ann Hickey has joined the firm as a Vice President. Hickey brings substantial investment and first-hand operating experience from her roles at Audax Group, Oak Hill Capital Partners, Castlight Health, and, most recently, Archimedes Health Investors.