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West Health Investment Fund is a for-profit venture capital arm dedicated to providing risk capital to companies innovating within healthcare technologies and services. The fund's primary objective is to strategically deploy investment capital into solutions that promise to lower healthcare costs and enhance the quality of care. This approach involves backing firms developing scalable and impactful solutions, exemplified by its investment in entities like Change Healthcare.
The fund was formally established in 2011 by philanthropists Gary and Mary West, who recognized the need for a complementary for-profit investment vehicle alongside their established charitable foundations. Their insight was to leverage venture capital to accelerate the development and adoption of technologies addressing critical healthcare challenges, particularly those impacting vulnerable seniors. This investment strategy extends their long-standing commitment to improving the healthcare landscape.
The fund supports companies whose products and services ultimately benefit healthcare providers and, by extension, patients, especially older adults. Its long-term vision is to foster an ecosystem where innovative healthcare solutions are effectively brought to market. By investing in these enterprises, the West Health Investment Fund aims to contribute to a future where healthcare is more affordable and accessible, thereby enabling successful aging.
West Health Investment Fund has 6 tracked investments across 5 companies. The latest tracked deal is $12.0M Other Equity in goBalto in January 2015.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 20, 2015 | goBalto | $12.0M Other Equity | Dolby Family Ventures, Masashi Kiyomine, Swee Yeok Chu, PBM | JAE Chung, Aberdare Ventures, Jack Young |
| Mar 30, 2014 | Reflexion Health | $7.5M Series A | West Health Investment Fund | — |
| Mar 10, 2014 | Svelte Medical Systems | $5.0M Other Equity | — | CNF Investments |
| Aug 1, 2013 | Change Healthcare | $15.0M Series D | Martin Felsenthal | Health Velocity Capital, Bluecross Blueshield Venture Partners, Mitsui & CO. Global Investment, Sandbox Industries, Solidus |
| Feb 6, 2013 | Sotera Wireless | $14.8M Other Equity | — | Cerner Capital, Delphi Ventures, EDBI, Intel Capital, Qualcomm, James A. Datin, Sanderling Ventures |
| Dec 1, 2011 | Sotera Wireless | $12.0M Series D | Swee Yeok Chu, PBM | National Grid Partners, Paul Gorup, Intel Capital, Qualcomm Ventures, Sanderling Ventures |