Brailer Goes VC
Ex-Government healthcare IT czar Dr. David Brailer will be chairman of the new Health Evolution Partners, a private equity fund that will invest up to $700 million in "solutions that advance the quality, efficiency and consumer orientation of health care."
The press release goes on to say that Health Evolution will support promising health care ventures that challenge traditional models of delivering clinical services, including the way they are organized, financed and oriented toward patients. Among its targets will be companies working in disease management, chronic care improvement and pharmaceutical management, as well as telemedicine, remote and in-home patient monitoring and predictive genomics.
Venture capitalists haven't had the soaring success in healthcare IT that they've had in other technology sectors, but that may change given all the national attention on improving healthcare quality by technology. VC rock star John Doerr of Kleiner Perkins has put some big investments into Purkinje, a HCIT vendor. Merger and acquisition activity has been the exit for VCs the last several years. Recent IPOs have been lukewarm.
Tags: Dr.+David+Brailer, Healthcare+IT+Investements, Healthcare+PR, Medical+PR, Online+PR, Purkinje
Posted by Shawn Whalen on June 8, 2007 at 10:51 AM
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