Advocate Aurora has a new investment arm and just placed its first healthcare bets

Fierce Health Technology April 7, 2021
Tina Reed

Illinois- and Wisconsin-based Advocate Aurora health system has a new investment arm and recently made some of its first bets in healthcare.

Advocate Aurora Enterprises (AAE), a wholly owned subsidiary of Advocate Aurora Health Inc., announced last week it acquired Maryland-based senior home care company Senior Helpers in a deal worth a reported $180 million.

The deal came just days after the group led a $25 million funding round in a telenutrition platform called Foodsmart.

AAE was created to focus on the consumer health and wellness space, Advocate Aurora Enterprises President Scott Powder told Fierce Healthcare.

“We realize there are so many other things beyond great medical care that impact a person’s health—everything from their genetics to their lifestyle and...

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