McKesson Corporation today announced that it has launched McKesson Ventures, a strategic venture capital fund, to invest in early and growth stage companies addressing both current and emerging business challenges facing the healthcare industry. Healthcare industry veteran Tom Rodgers has joined McKesson Ventures as managing director and will lead the fund’s investment portfolio.
“McKesson Ventures will help us support the development and commercialization of innovations taking place across healthcare,” said John Hammergren, chairman and CEO, McKesson. “By investing and partnering with entrepreneurs and other investors that can bring new approaches to the challenges our customers are facing, we will accelerate the innovation cycle and further strengthen the value we provide to industry stakeholders across all segments.”
McKesson Ventures Overview
McKesson Ventures is actively making minority investments in companies that span a broad section of healthcare. The fund is focused on helping build businesses that are driving towards a stronger, more sustainable future for healthcare and will target companies that are both enabling and benefitting from the disruptive changes affecting the industry.
McKesson Ventures is seeking companies in the following four emerging growth areas:
1. Consumerism -Solutions that establish the building blocks and enabling tools for the direct-to-consumer health care economy.
2. Alternative Delivery Models – New clinical service approaches that optimize for patient access and experience while improving outcomes, quality and costs.
3. Employer Enablement– Helping employers more directly and aggressively control rising costs, optimize employee behavior and reduce health care consumption.
4. Data Supply Chain – Solutions that establish the pipes, workflow and analytics needed to optimize the use of emerging data streams to derive actionable insights.
These target companies will predominantly be pursuing high growth opportunities adjacent to or outside McKesson’s current business.
Appoints Tom Rodgers as Managing Director
Tom Rodgers joins McKesson Ventures from Cambia Health, where he led their venture investing efforts targeting companies that are helping to lower cost, improve access, and improve the navigability and sustainability of the healthcare system for providers, employers and consumers. Prior to Cambia, Rodgers was a partner at Advanced Technology Ventures (ATV), where he led efforts in healthcare technology. He is returning to McKesson, after more than a decade in the venture industry, where he previously served as a vice president of corporate strategy and business development. Rodgers holds an M.B.A. from the Wharton School and a B.A. from the University of Pennsylvania.
“McKesson has long been dedicated to staying ahead of its customers’ needs, and the establishment of McKesson Ventures furthers its long-standing commitment to the development of innovative healthcare solutions and thought leadership within the industry. I am excited to return and to have the dedication, vision and industry footprint of McKesson behind this effort,” said Tom Rodgers.
If you have an innovative idea or a company that will change the future of health care, visit http://ventures.mckesson.com/ for more details.