Providence Ventures Closes on Second $150M Healthcare Fund

Seattle, WA.—Providence Ventures, the Venture capital arm of Providence St. Joseph Health (PSJH), the nation’s third largest health system, announced today a second $150 million health care venture capital and growth equity fund. Providence Ventures II will target early and growth-stage healthcare companies that specialize in healthcare information technology, technology-enabled services, medical devices, and healthcare services. The fund will also invest $5 to $15 million per Portfolio Company with flexibility to lead investment rounds or participate as a syndicate partner.