Psilos Group, a venture- capital firm focused on healthcare technology and services, plans to raise a $450 million fund, its largest ever. The fund would be the fourth for Psilos, which has raised $557 million since 1999 and invested in about 40 companies. Its investments include ActiveHealth Management, which Aetna Inc. bought for $400 million in 2005, and Definity Health Inc., sold to UnitedHealth Group Inc. for $300 million in 2004. Last year, at least 18 firms raised funds of $500 million or more. About 17 percent of doctors have adopted electronic medical records, and four percent have fully-functional electronic systems that help doctors make decisions about patient care, according to study by Harvard University’s academics last year. The stimulus bill passed in February allocated almost $20 billion to help doctors adopt technology.
Saturday, April 18, 2009
$450 million venture fund
Psilos Group, a venture- capital firm focused on healthcare technology and services, plans to raise a $450 million fund, its largest ever. The fund would be the fourth for Psilos, which has raised $557 million since 1999 and invested in about 40 companies. Its investments include ActiveHealth Management, which Aetna Inc. bought for $400 million in 2005, and Definity Health Inc., sold to UnitedHealth Group Inc. for $300 million in 2004. Last year, at least 18 firms raised funds of $500 million or more. About 17 percent of doctors have adopted electronic medical records, and four percent have fully-functional electronic systems that help doctors make decisions about patient care, according to study by Harvard University’s academics last year. The stimulus bill passed in February allocated almost $20 billion to help doctors adopt technology.
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