Becker's Healthcare February 2, 2023
Renton, Wash.-based Providence has a venture capital arm that targets early- to late-stage investments in health IT/digital health/tech-enabled services, medical devices and diagnostics.
Here are 12 things to know about Providence Ventures:
1. It started in 2014.
2. It manages $300 million in venture capital across two funds for the 51-hospital system.
3. It is led by managing partner Jeff Stolte. He was previously an investment manager at Ascension Ventures, the St. Louis-based health system’s venture arm.
4. It works closely with the Providence Digital Innovation Group.
5. It gives active portfolio companies access to Providence expertise and decision-makers.
6. It participated in a $26 million funding round in March for Wildflower Health, a virtual and value-based care platform for...