David J. Brailer, MD, PhD, announced on Tuesday the launch of Health Evolution Partners, a private equity fund that will invest up to $700 million in solutions intended to advance the quality, efficiency, and consumer orientation of health care.
As an investor and strategic advisor dedicated to realizing value in health care, Health Evolution Partners will support promising healthcare ventures that challenge traditional models of delivering clinical services, including the way they are organized, financed, and oriented toward patients. Among its targets will be companies working in disease management, chronic care improvement, pharmaceutical management, telemedicine, remote and in-home patient monitoring, and predictive genomics. The firm’s goal is to commercialize those innovations.
“Health Evolution Partners will accelerate inevitable change that is under way in health care,” said Brailer, who served as the nation’s first National Coordinator of Health Information Technology. “We will build a team of leading healthcare investors and entrepreneurs who want to see real and positive change.”
The California Public Employees’ Retirement System, the fund’s inaugural investor, will commit $500 million to the Health Evolution Partners Fund for direct investments, health care-focused private equity investments, and strategic joint ventures, as well as up to $200 million for investments in other healthcare initiatives. Read the press release.
