MedCity News
MedCity News is a healthcare-focused news site that publishes articles on medcitynews.com covering healthcare startups and industry...
By MedCity News
Providence Spins Out Providence Ventures as Allumia Ventures; Providence Commits $150 Million to New Fund
Providence spun out its venture arm, renaming it Allumia Ventures and making it an independent VC firm; Allumia closed its third fund with Providence committing $150 million. Allumia plans to invite 3–5 other health systems to join as limited partners to expand its investor base and partnerships.
Providence Spins Out Praia Health; Startup Raises $20M Series A Led by Frist Cressey Ventures
Providence spun out Praia Health, its fourth digital health startup, and Praia closed a $20 million Series A led by Frist Cressey Ventures to commercialize a patient engagement platform that personalizes care journeys and unifies consumer data with single sign-on.
