Iowa Health System Inc., doing business as UnityPoint Health, launched a $100 million fund to invest in early-stage growth businesses in the sectors of digital health, medical devices, therapeutic spaces and healthcare services.
UnityPoint Health Ventures Innovation Fund is financed through a reallocation of capital already allotted for investment and obtains no funding from operations. It also makes up 5% of the health system's total investment portfolio.
The investment vehicle is led by Matthew Warrens, the fund's managing director of innovations, and Kent Lehr, UnityPoint's vice president of strategy and business development, according to a news release published on the PE Hub Network.
UnityPoint is a health system catering to patients in Iowa, western Illinois and southern Wisconsin.