CareDox Secures $16 Million in Series B Financing to Transform Pediatric Health

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CareDox Secures $16 Million in Series B Financing to Transform Pediatric Health

Digital health company will use financing to accelerate its national network of schools and providers, enabling every child to get the right care at the right time

NEWS PROVIDED BY CareDox

Jan 17, 2018, 08:00 ET

NEW YORK, Jan. 17, 2018 /PRNewswire/ — CareDox, a pediatric healthcare technology leader, today announced it has closed a Series B financing of $16 million, co-led by AI Life Sciences Investments LLC and 7wire Ventures with additional investments from Digitalis, Prolog Ventures, StartUp Health, and Wanxiang Healthcare Investments.

“K through 12 schools manage healthcare for more than 50 million kids nationwide, making them the largest healthcare delivery system in this country. Yet, they are highly fragmented and disconnected from traditional care settings. We have a huge opportunity and responsibility to improve pediatric care by digitally connecting the real care team – school nurses, parents, pediatricians – around the child, wherever they are,” said Hesky Kutscher, CEO, CareDox. “We are thrilled that our investor syndicate shares our vision to radically improve pediatric health through technology that better serves and connects students, parents, providers and payers.”

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Brace Yourself

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BY MARIE HAVENGA

While many medical technologies have changed over the years, the shoulder brace remains a dinosaur in modern times.

But that will all change soon, thanks to an idea by James Lebolt, DO, sports medicine section chief and orthopedic surgeon with Spectrum Health Medical Group, and follow-through by the Spectrum Health Innovations team.

“We needed a brace to treat athletes who injured their shoulder in season, which would allow them to safely continue to participate in sports,” Dr. Lebolt said.

Lebolt’s new shoulder brace design will work well for all types of athletes, as well as regular Joes and Janes. It should prove especially handy for working professionals such as electricians and plumbers, who perform repetitive overhead work.

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GVSU Receives Grants To Support High-Tech Projects

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BY LEAH TWILLEY

Several Grand Valley initiatives were recently awarded grants from the Grand Rapids SmartZone Local Development Finance Authority (LDFA) to support student, faculty and staff projects that focus on the development of medical devices.

The Applied Medical Devices Institute was awarded $680,000, which will allow students and staff members to work with two local technology companies to help create medical devices and ready them for manufacturing and sales. aMDI, housed in Grand Valley’s Cook-DeVos Center for Health Sciences on Grand Rapids’ Medical Mile, brings medical device ideas to life through research, design and development. The center is led by Brent Nowak, executive director.

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Spectrum Health Joins AVIA to Invest in Healthcare Innovation

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MEDIA CONTACT: KATE SODEN

CHICAGO–(BUSINESS WIRE) Aug. 1, 2017–AVIA announced today that Spectrum Health has joined AVIA, the nation’s leading network for health systems seeking to innovate and transform by unlocking the power of digital solutions.

Earlier this year, Spectrum Health formed a venture capital fund to invest $100 million in healthcare companies over the next ten years. The new fund, Spectrum Health Ventures LLC, will focus on finding, investing, and implementing digital solutions addressing prevention and wellness, care delivery transformation, consumer engagement, and genomics.

“At Spectrum Health, we strive to be at the forefront of healthcare, pushing ourselves toward innovation and cutting-edge technologies,” said Roger Jansen, Spectrum Health’s chief strategy officer. “By joining AVIA, we will collaborate with other leading health systems in the network to make smarter technology selections and investment decisions.”

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ORIG3N™ Closes Latest Round of Funding; Welcomes New Board Member and New Investor

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ORIG3N™ Closes Latest Round of Funding; Welcomes New Board Member and New Investor

Funding will support accelerated growth and intensification of research and development efforts

NEWS PROVIDED BY ORIG3N, Inc.

Jun 27, 2017, 09:00 ET

BOSTON, June 27, 2017 /PRNewswire/ — ORIG3N, Inc., a Boston-based biomedical research company, has announced the addition of Byron Smith to its Board of Directors and Spectrum Health Ventures (SHV) to its investor syndicate. The announcements come on the heels of the close of ORIG3N’s latest round of funding. ORIG3N has raised over $30 million in capital to date since it was founded in 2014.

Byron Smith brings decades of industry experience to ORIG3N’s board of directors. Mr. Smith is currently a Principal at Mountain Group Partners (MGP), a Fund dedicated to investing in and guiding transformation businesses in the life science and technology sectors. Prior to his involvement with MGP, Mr. Smith held a long and distinguished career in the wireless and tech spaces. He began his career in brand management and advertising, before moving to Silicon Valley and transitioning into tech, where he gained experience in media/content and internet technology/infrastructure. Now, back on the East Coast, Mr. Smith serves on or has visitation rights to the board of directors of many companies in the health services sector.

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Spectrum Health forms VC fund to invest up to $100M in health care companies

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Spectrum Health forms VC fund to invest up to $100M in health care companies

BY MARK SANCHEZ

Sunday, March 12, 2017 08:00am

GRAND RAPIDS — Spectrum Health has formed a new venture capital fund that could invest up to $100 million into health care-related companies over the next decade, MiBiz has learned.

The new fund, Spectrum Health Ventures LLC, plans to invest in companies commercializing new technologies, products and services that improve patient health and drive down costs, according to a senior executive at Grand Rapids-based Spectrum Health.

Creating a corporate venture capital fund that would co-invest with other health systems around the U.S. can put Spectrum Health at the forefront of developing and accessing medical innovations for care locally, said Roger Jansen, chief strategy officer at the health system.

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Midsize Hospital Systems Taking The VC Plunge

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BY DAVE BARKHOLZ

Spectrum Health wants to help shape healthcare delivery of the future, not react to it.

The 12-hospital health system based in Grand Rapids, Mich., has just created a $100 million venture capital fund to invest in personalized medicine, information technology, population health management and other emerging technologies. It’s looking for companies offering solutions to providing better, lower-cost care, said Roger Jansen, Spectrum’s chief strategy officer.

“We’re looking to invest in great ideas that we can use,” said Jansen, a former researcher in the field of brain trauma.

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