Spectrum Health Ventures stakes out space in health care investing
BY MARK SANCHEZ
GRAND RAPIDS — Two years ago, the venture capital arm that health system Spectrum Health formed to back innovative health care startups had to go looking for deals because nobody in the field knew it existed.
Today, Spectrum Health Ventures LLC faces a much different situation. Investment prospects now often come from referrals by other large health systems across the U.S. that also operate venture capital arms and want co-investors for deals.
“Spectrum Health is now on the map,” said Scott McLean, executive director of Spectrum Health Ventures, which has forged connections across the U.S. and now is poised to become a more active investor in health care innovation.