Three Catholic systems launch $200 million venture capital fund.(Late News)(Ascension Health)(Catholic Health Initiatives)(Catholic Health East)(Brief article)

Modern Healthcare, October, 2007

Ascension Health, St. Louis, Catholic Health Initiatives, Denver, and Catholic Health East, Newtown Square, Pa., announced a $200 million venture capital fund, CHV II, which will invest in later-stage healthcare device, technology and service companies and healthcare venture funds. The fund is the second for Ascension Health, the largest U.S.

Catholic and private not-for-profit health system. The newly created fund, which has made its first two investments, will be managed by Ascension Health Ventures, said Matthew Hermann, Ascension Health Ventures' managing director. Each CHV II partner will hold one board seat, Hermann said, but he declined to say how much each Catholic system invested.