Lifepoint Health’s startup incubator has hit the ground running.
25m Health has launched six companies and invested in another five businesses during its first year of operations, according to a news release.
Last year, Lifepoint announced it had inked a partnership with venture studio 25madison and private equity firm Apollo Global Management (NYSE: APO) to launch the new health-tech incubator in Brentwood.
25m Health was initially seeded with $20 million and a mandate to build new companies with innovative ideas aimed at improving care and lowering costs for Lifepoint.
The incubator's companies are being utilized in several Lifepoint hospitals, according to the release.
“25m Health is a key pillar of our Lifepoint Forward innovation strategy, and the last year has shown us how we can advance innovations to improve healthcare quality, access and patient outcomes while lowering costs both within Lifepoint’s communities and beyond,” LifePoint Chairman and CEO David Dill said in the release. “The solutions being developed by 25m Health companies are addressing the needs of key patient populations and helping to relieve significant pain points in healthcare. We are excited about the opportunities we see to grow our current portfolio companies and invest in and grow new companies, and we look forward to accelerating this work in the months and years to come.”
25m Health has co-invested in several of the companies alongside venture firms Integrity Growth Partners, Frist Cressey Ventures, Felicis Ventures, Afore Capital, SemperVirens Venture Capital, CU Healthcare Innovation Fund and Shields Health Innovations, according to the release. The incubator will be scaling the new companies in partnership with other health systems in the coming year.
Below is a partial list of companies 25m Health has launched or invested in during its first year.
- Denver-based Eon: Platform uses natural language processing in radiology reports
- Boston-based Keratin: Helps health care companies build integrations and workflows with a no-code platform
- Kouper Health: A discharge case management software for hospitals to use in acute, post acute and primary care transition
- Menlo Park, California-based Midi: A virtual care clinic focused on women 40 and older
- Operait: An operating room scheduling software using artificial intelligence
- Swap Health: Weight loss and healthy living software
- Thrive Mobile: Mobile provider designed to make health care easier and more affordable
- Several startups still in stealth are developing tools to reduce nurse turnover, create a virtual hospital at home for cardiac patients and improve behavioral health for seniors, according to the release
