UnityPoint Health launches $100 million venture fund

UnityPoint Health's Iowa Methodist Medical Center in Des Moines.

West Des Moines-based health care organization UnityPoint Health announced yesterday the launch of a $100 million venture fund at the inaugural MedCity INVEST Pop Health conference in New Orleans.

The new fund, titled the UnityPoint Health Ventures Innovation Fund, will manage and direct the company’s financial and strategic investment opportunities.

The fund will invest in early-stage growth companies in four key areas — digital health, medical devices, therapeutic spaces and healthcare services.

The UnityPoint Health Ventures website already lists three companies on its portfolio page — Health Catalyst, Heritage Partners and Health Velocity Capital.

“By establishing this fund, we can leverage our experience, institutional expertise and solid investment track record to dramatically accelerate the growth for our portfolio companies and boost our own access to advanced health care solutions,” said Matthew Warrens, Managing Director of Innovations at UnityPoint Health Ventures.

Money for the fund will come through a reallocation of funds already earmarked for investment, according to the press release announcing the fund.