Providence Ventures, the venture investing arm of Renton, WA-based health system Providence St. Joseph Health, says it has raised a $150 million fund to invest in early- and mid-stage healthcare technology businesses.
The venture firm says it will consider making investments across several areas of digital health, including healthcare information technology and Internet-connected medical devices. Providence Ventures says it expects to invest between $5 million and $15 million in each company it backs.
