General Catalyst launched a $670 million healthcare investment fund. The fund, called Health Assurance Fund II, seeks to carry on the mission of the venture capital firm’s first healthcare-focused fund, but with a new focus on health system partnerships, MedCity News reports.
In April of last year, General Catalyst rolled out its $600 million Health Assurance Fund. The company launched the fund to further its vision of “health assurance,” which refers to an alternative category of healthcare that is consumer-driven and designed to help people sustainably manage their health instead of only seeking care when they are sick.
To advance the vision of health assurance, the new healthcare fund will use money from the $4.6 billion So far, the venture capital firm has signed partnership agreements with HCA Healthcare, Jefferson Health and Intermountain Healthcare. General Catalyst expects to add five to seven more health systems partners before the end of the year. Read more.
