HBF is targeting up to 20 investments for a new $25 million venture capital fund that will help it keep up with emerging health technologies.
HBF Ventures would be managed by alternative investment firm Artesian, HBF said on Tuesday, and invest over a 10-year life in early and growth stage companies developing “digital health tools, new models of care, preventative health services and technologies”.
“Healthcare models are always changing, and we want to support innovations that have the potential to make care more accessible, effective, and sustainable for our members into the future,” HBF chief executive Lachlan Henderson said.
HBF, WA’s dominant private health insurer, said the fund was expected to make between 15 and 20 investments over its life, giving HBF early insight into emerging trends across the health sector.
More to come.