Ascension Ventures and its senior managing director, Matt Hermann, are featured in a recent story about the business startup environment in St. Louis, “Midwest Money: Financing St. Louis’ Growing Startup Scene.”
In the story, Hermann notes the importance of delivering strategic value to the firm’s healthcare system limited partners. Ascension Ventures, a direct subsidiary of Ascension, invests in companies that primarily focus on improving the quality of care, reducing the cost of care, and providing a positive experience for both patients and caregivers, he says.
Ascension Ventures is a strategic healthcare venture fund with $550 million in capital under management. Its limited partners are some of the most respected, values-driven nonprofit healthcare systems in the U.S. As a strategic investor, Ascension Ventures adds value by sharing its portfolio companies’ solutions across its limited partner base. The work of Ascension Ventures generates returns to its limited partners that help support their missions to provide care to those who are poor and vulnerable.
The full story can be found here.