<code id='47A9550D10'></code><style id='47A9550D10'></style>
    • <acronym id='47A9550D10'></acronym>
      <center id='47A9550D10'><center id='47A9550D10'><tfoot id='47A9550D10'></tfoot></center><abbr id='47A9550D10'><dir id='47A9550D10'><tfoot id='47A9550D10'></tfoot><noframes id='47A9550D10'>

    • <optgroup id='47A9550D10'><strike id='47A9550D10'><sup id='47A9550D10'></sup></strike><code id='47A9550D10'></code></optgroup>
        1. <b id='47A9550D10'><label id='47A9550D10'><select id='47A9550D10'><dt id='47A9550D10'><span id='47A9550D10'></span></dt></select></label></b><u id='47A9550D10'></u>
          <i id='47A9550D10'><strike id='47A9550D10'><tt id='47A9550D10'><pre id='47A9550D10'></pre></tt></strike></i>

          00:00
          00:00 00:00 LIVE
          buffering
          Replay
          LIVE
          00:00 / 00:00
          LIVE
          CC
          Opacity :
          Share:
          Close

          focus

          author:focus    - browse:3
          Photo illustration of a checkbook wrapped with lock and chain – hospital and investment coverage from STAT
          Alex Hogan/STAT

          Hospitals once dove headfirst into venture capital with splashy headlines and attention-grabbing numbers. Now, in an era of flattened margins and exceedingly uncertain returns, many health systems are quietly pulling back.

          NewYork-Presbyterian’s venture firm, once managing roughly $40 million in assets, was essentially dissolved, two former employees said, with leaders punting it from the system’s strategy division to innovation, then from innovation to the investment office — a spokesperson described it as being “integrated” into the broader strategy. PitchBook data show no investments after 2020.

          advertisement

          Advocate Health Enterprises, meanwhile, the venture firm of a 67-hospital system based in Charlotte, N.C., has lost at least six employees within the past year, including its president, from a staff that once included about a dozen people.

          Unlock this article by subscribing to STAT+ and enjoy your first 30 days free!

          GET STARTED Log In

          knowledge