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Corporate Venture
osfventures.org

Investments

34

Portfolio Exits

9

Funds

2

Partners & Customers

1

About OSF Ventures

OSF strategically invest in the development of technology and devices that could improve health care. OSF Ventures is the corporate investment arm of OSF Healthcare System, an integrated health system owned and operated by The Sisters of the Third Order of St. Francis that includes eleven acute care facilities. OSF Ventures partners financially and operationally in companies that improve patient outcomes and reduce the financial burden to health care systems. OSF Ventures also invests strategically through product incubation and acceleration.

Headquarters Location

Peoria, Illinois,

United States

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Latest OSF Ventures News

Serving Patients and Communities Through Comprehensive Care Solutions: OSF HealthCare, Pointcore, Inc. and GE HealthCare Enter Strategic Care Alliance

Feb 19, 2024

Serving Patients and Communities Through Comprehensive Care Solutions: OSF HealthCare, Pointcore, Inc. and GE HealthCare Enter Strategic Care Alliance February 19, 2024 at 10:01 am EST Share 10-year collaboration aims to expand the reach of innovative technology and digital solutions to more than one million patients. GE HealthCare (Nasdaq: GEHC) today announced a collaboration with OSF HealthCare, an integrated health system caring for patients throughout Illinois and Michigan, and Pointcore, Inc., a healthcare management and non-clinical shared services company, to help increase clinical and operational efficiencies, standardize care delivery models and improve patient outcomes across OSF HealthCare. This alliance will leverage GE HealthCare’s expertise and innovative technology and Pointcore’s decades of experience managing nonclinical matters for hospitals and clinics. It will also support the Mission of OSF HealthCare to deliver exceptional care to patients in the communities they serve. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240219668148/en/ “In the rapidly changing world of healthcare, this strategic collaboration between OSF HealthCare, Pointcore and GE HealthCare means that we can ensure our Mission Partners (employees) have the right technology at the right place at the right time, fundamentally changing the way we deliver care to over one million patients each year,” said Jim Mormann, Chief Executive Officer of OSF HealthCare Integrated Solutions and Pointcore, Inc. “It is in direct alignment with our Mission to serve with the greatest care and love to all the communities we have been called to serve and aims to allow our patients to have access to the best care possible.” The agreements stand on two key pillars and will deepen OSF HealthCare, Pointcore and GE HealthCare’s combined focus on: A foundational alliance that includes investment in new technology systems, digital tools and resources, service and support across a variety of care areas including nuclear medicine, oncology and radiology. A new intersection between Pointcore and GE HealthCare will drive Healthcare Technology Management services and provide excellence in the management of OSF’s medical equipment across their ministry. A new approach to investment in innovation that uses advanced analytics to streamline capital management and allow OSF HealthCare to reinvest in care for patients. As a part of this approach, OSF HealthCare will be one of the first healthcare systems in the United States to implement GE HealthCare’s new version of Digital Expert Access with remote scanning, the first FDA 510(k)-cleared device to enable remote patient scanning on GE HealthCare Magnetic Resonance Imaging (MRI) devices. This new technology can bridge multiple locations, users, and devices remotely and allow technologists to share knowledge and make decisions quickly, reducing wait times and care disruption for patients. OSF HealthCare, Pointcore and GE HealthCare expect to explore ways to scale their approach to drive greater access to personalized care for more patients. The alliance will concentrate on enhancing precision care in oncology by identifying clinical and technological opportunities that can help accelerate integrated cancer care at OSF HealthCare. The parties will work together to build pathways that deliver precise, personalized care for patients through customized solutions in radiation oncology and Theranostics for diseases like prostate cancer. “The most critical goal of this collaboration is increasing access to quality care for all patients no matter where they are,” said Catherine Estrampes, President and CEO, U.S. and Canada at GE HealthCare. “OSF HealthCare, Pointcore and GE HealthCare are doing this together through integrated technology, digital solutions, advanced analytics and dedicated clinical and operational specialists. The work of our combined teams will help enable OSF HealthCare to standardize care across their system and empower their Mission Partners to focus on their patients and communities.” The agreement is the result of extensive collaboration between OSF HealthCare, Pointcore (and its predecessor, St. Francis, Inc.) and GE HealthCare across many initiatives such as improving the delivery of healthcare technology management and advancements in diagnostic imaging technology. Collaboration activities will begin in the Spring of 2024 with the launch of the OSF HealthCare Cancer Institute in Peoria, Illinois. About GE HealthCare Technologies Inc. GE HealthCare is a leading global medical technology, pharmaceutical diagnostics, and digital solutions innovator, dedicated to providing integrated solutions, services, and data analytics to make hospitals more efficient, clinicians more effective, therapies more precise, and patients healthier and happier. Serving patients and providers for more than 100 years, GE HealthCare is advancing personalized, connected, and compassionate care, while simplifying the patient’s journey across the care pathway. Together our Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics businesses help improve patient care from diagnosis, to therapy, to monitoring. We are a $19.6 billion business with 51,000 colleagues working to create a world where healthcare has no limits. Follow us on LinkedIn, Twitter, and Insights for the latest news, or visit our website https://www.gehealthcare.com/ for more information. About OSF HealthCare OSF HealthCare is an integrated health system founded by The Sisters of the Third Order of St. Francis. Headquartered in Peoria, Illinois, OSF HealthCare has 16 hospitals – 10 acute care, five critical access, 1 transitional care - with 2,131 licensed beds throughout Illinois and Michigan. OSF employs nearly 24,000 Mission Partners across 150+ locations; has two colleges of nursing; operates OSF Home Care Services, an extensive network of home health and hospice services; owns Pointcore, Inc., comprised of health care-related businesses; OSF HealthCare Foundation, the philanthropic arm for the organization; and OSF Ventures, which provides investment capital for promising health care innovation startups. In 2020, OSF OnCall was established, a digital health operating unit, including a hospital-at-home. OSF OnCall delivers care and services when, where and how patients prefer to receive them. OSF HealthCare has been recognized by Fortune as one of the most innovative companies in the country. More at osfhealthcare.org. About Pointcore , Inc. Pointcore serves the healthcare industry through proven excellence in key services that enable patient care including technology services (application, IT, network and cybersecurity), healthcare technology management (HTM or biomedical equipment services), supply chain, business and construction. As an extension of OSF HealthCare, one of the nation’s leading healthcare organizations, Pointcore leverages decades of experience serving hospitals and clinics of all sizes to extend resources, share cost and utilize common infrastructure with external clients, all to the benefit of patients. Learn more about Pointcore innovation by following us on LinkedIn and at Pointcore.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20240219668148/en/ Share GE HealthCare Technologies Inc. is a global medical technology, pharmaceutical diagnostics, and digital solutions company. The Company develops, manufactures, and markets a portfolio of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients. The Company's segments include Imaging, Ultrasound, Patient Care Solutions and Pharmaceutical Diagnostics. The Imaging segment includes scanning devices, clinical applications, service capabilities and digital solutions. The Ultrasound segment includes screening, diagnosis, treatment, and monitoring of certain diseases. The Patient Care Solutions segment includes medical devices, services, consumable products, services, and digital solutions. The Pharmaceutical Diagnostics segment is a supplier of diagnostic agents to the global radiology and nuclear medicine industry. Sector

OSF Ventures Investments

34 Investments

OSF Ventures has made 34 investments. Their latest investment was in GYANT as part of their Series A - II on June 08, 2023.

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OSF Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/8/2023

Series A - II

GYANT

$8.61M

Yes

1

4/1/2023

Series B

DotCom Therapy

$9M

No

12/19/2022

Unattributed VC

TailorMed

No

1

12/8/2022

Series A

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$99M

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10

5/27/2022

Series B

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$99M

Subscribe to see more

10

Date

6/8/2023

4/1/2023

12/19/2022

12/8/2022

5/27/2022

Round

Series A - II

Series B

Unattributed VC

Series A

Series B

Company

GYANT

DotCom Therapy

TailorMed

Subscribe to see more

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Amount

$8.61M

$9M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

1

1

10

10

OSF Ventures Portfolio Exits

9 Portfolio Exits

OSF Ventures has 9 portfolio exits. Their latest portfolio exit was GYANT on January 31, 2024.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/31/2024

Acquired

$99M

5

11/15/2021

Acquired

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$99M

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10

10/12/2021

Acquired

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$99M

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10

9/7/2021

Acquired

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$99M

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10

7/28/2021

Acquired

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$99M

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10

Date

1/31/2024

11/15/2021

10/12/2021

9/7/2021

7/28/2021

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

5

10

10

10

10

OSF Ventures Fund History

2 Fund Histories

OSF Ventures has 2 funds, including OSF Ventures Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/25/2019

OSF Ventures Fund II

Multi-Stage Venture Capital

Closed

$75M

1

OSF Ventures Fund III

10

Closing Date

7/25/2019

Fund

OSF Ventures Fund II

OSF Ventures Fund III

Fund Type

Multi-Stage Venture Capital

Status

Closed

Amount

$75M

Sources

1

10

OSF Ventures Partners & Customers

1 Partners and customers

OSF Ventures has 1 strategic partners and customers. OSF Ventures recently partnered with High Alpha Innovation on February 2, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

2/11/2022

Partner

United States

OSF Partners with venture studio High Alpha Innovation

More information about the OSF Innovation Studio and High Alpha Innovation partnership , including video , audio and photos , is available on the OSF Ventures .

1

Date

2/11/2022

Type

Partner

Business Partner

Country

United States

News Snippet

OSF Partners with venture studio High Alpha Innovation

More information about the OSF Innovation Studio and High Alpha Innovation partnership , including video , audio and photos , is available on the OSF Ventures .

Sources

1

OSF Ventures Team

1 Team Member

OSF Ventures has 1 team member, including former Managing Director, Garrett Vygantas.

Name

Work History

Title

Status

Garrett Vygantas

Managing Director

Former

Name

Garrett Vygantas

Work History

Title

Managing Director

Status

Former

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