McKesson launches new venture fund for health startups

San Francisco tech giant McKesson Corporation has launched a new venture fund that promises to invest in early and growth stage startups working in the healthcare space. The company did not specify how much the fund is, but it said it will be “actively making investments in companies that span a broad range of healthcare” […]

San Francisco tech giant McKesson Corporation has launched a new venture fund that promises to invest in early and growth stage startups working in the healthcare space.

The company did not specify how much the fund is, but it said it will be “actively making investments in companies that span a broad range of healthcare” to the tune of “several hundred million” dollars, VentureBeat reported. The fund will be led by Tom Rodgers, formerly of Cambia Health in Washington.

The fund, McKesson Ventures,  is focused on areas that McKesson doesn’t operate in, including increasing consumerism, the emergence of alternate delivery models, the shift towards value-based reimbursement models and data analytics, the company said in a release.

Rodgers joins McKesson Ventures from Cambia Health, where he led their venture investing efforts targeting companies that are helping to lower cost, improve access, and improve the navigability and sustainability of the healthcare system for providers, employers and consumers. Prior to Cambia, Rodgers was a partner at Advanced Technology Ventures.