OSF Ventures Launches Third $100M Venture Capital Fund


OSF companies, a venture capital firm based in Peoria, Illinois, has launched its third fund.

The $100 million fund will be used to pursue a strategy that links investments to key priorities of improving patient care, outcomes and greater operational efficiency. The third fund brings the venture capital program’s total assets under management to $250 million.

Led by Stan Lynall, vice president of Venture Investments, and his team of seven, OSF Ventures is part of the innovation strategy of OSF HealthCare, a system of 15 hospitals in Illinois and Michigan. Investments focus on digital solutions, technology services and medical technology, including medical devices, diagnostics and therapies.

OSF HealthCare’s corporate investment arm has made 26 direct investments to date, in addition to investing in three healthcare-focused venture capital funds. Among direct investments, the program has had nine successful exits and now manages an active portfolio of 17 companies.

OSF HealthCare is an integrated healthcare system owned and operated by the Third Order Sisters of St. Francis, headquartered in Peoria, Illinois. OSF HealthCare employs nearly 24,000 mission partners at 150 sites, including 15 hospitals — ten acute care, five critical access — with 2,089 licensed beds and two nursing colleges in Illinois and Michigan. The OSF HealthCare Physician Network employs more than 1,500 primary, specialty and advanced practice providers. OSF HealthCare, through OSF Home Care Services, operates an extensive network of home health and palliative care services. He also owns Pointcore, Inc., comprised of healthcare-related businesses, and OSF HealthCare Foundation, the organization’s philanthropic arm.




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