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OSF Ventures backs LRVHealth's 4th fund

OSF Ventures invested in the fourth fund of Boston-based early-stage venture capital firm LRVHealth.

The transaction marks the second limited partner investment made by OSF Healthcare System's investment unit, which seeks direct investments in U.S. medical startups at mid-stage development.

LRVHealth invests in digital health, devices and diagnostic companies. It currently has 11 strategic investors including the Innovation Institute LLC, which invests in healthcare startups.

Headquartered in Peoria, Ill., OSF Healthcare is owned and operated by the Sisters of the Third Order of St. Francis.