McKesson launches venture fund
McKesson has launched a strategic venture capital fund to invest in early and growth stage companies that are addressing current and emerging healthcare business challenges.
The fund, McKesson Ventures, will make minority investments in companies that span a broad section of healthcare. The fund is interested in businesses that are driving towards a stronger, more sustainable future for healthcare and will target companies that are both enabling and benefitting from the disruptive changes affecting the industry, according to a press release.
The target companies will predominantly be pursuing high growth opportunities adjacent to or outside McKesson’s current business.
McKesson Ventures will be managed by Tom Rodgers, who previously led venture investing efforts at Cambia Health.
“McKesson Ventures will help us support the development and commercialization of innovations taking place across healthcare,” said John Hammergren, chairman and CEO, McKesson, in a statement. “By investing and partnering with entrepreneurs and other investors that can bring new approaches to the challenges our customers are facing, we will accelerate the innovation cycle and further strengthen the value we provide to industry stakeholders across all segments.”
Visit the fund’s website for more information.