Led by Stan Lynall, OSF Ventures will continue its strategy of supporting new technology, devices and services that offer improved and more cost efficient health care.
Three and a half years following its first investment, it has directly invested in 15 companies and is preparing to close on investment in another.
Additionally, investments in two venture capital funds – Ascension Ventures and LRV Health round out the initial OSF Ventures portfolio.
The approach includes looking for opportunities to collaborate with startups for deployment of their technology at OSF HealthCare.
OSF HealthCare is owned and operated by The Sisters of the Third Order of St. Francis, and consists of nearly 21,000 employees in 126 locations, including 13 hospitals, 11 Centers for Health and 15 OSF PromptCares throughout Illinois and Michigan.