What You Should Know:
– Boomerang Ventures, an early-stage venture studio and venture capital fund focused on connected health solutions, has announced a strategic partnership with CareSource, a nationally recognized non-profit managed care organization.
– The strategic collaboration marks a significant step towards advancing healthcare access, quality, and equity.
- CareSource becomes a Limited Partner: This investment empowers Boomerang to expand its reach and invest in promising healthcare startups with $500K to $2M funding.
- Geographic Expansion: The partnership facilitates Boomerang’s entry into new, strategic markets aligned with CareSource’s operations.
- Co-investment Opportunities: CareSource gains access to co-invest in cutting-edge health technologies alongside Boomerang’s expertise.
- State-Level Engagement: Both organizations collaborate to identify and develop promising health solutions with local stakeholders.
- Network Access: CareSource benefits from Boomerang’s network of healthcare professionals, providers, and investors.
- Pilot Opportunities: Portfolio companies gain valuable exposure by piloting their technologies with CareSource providers.
“Boomerang Ventures is thrilled to welcome CareSource as a strategic partner in our mission to transform health care through innovation. This investment enhances our ability to drive healthcare improvements and provides CareSource with unique access to our strategic network and game-changing technologies. Aligning with CareSource’s interest in select markets, this partnership opens opportunities for portfolio expansion and cultivating business-building relationships,” said Oscar Moralez, founder & managing partner of Boomerang Ventures.
To explore funding opportunities with Boomerang Ventures, visit Seeking Funding.