Provident Healthcare Ventures Launches


Provident Healthcare Ventures is publicly launching this week to make early-stage venture and middle-market private equity investments in the healthcare sector, said Bill Shepard, a managing director of the Boston group. The group was formed with $25 million in funding commitments from the Boston investment-banking firm Provident Healthcare Partners and others, including Shepard and Bob Ciardi, the managing partner and co-founder of Provident Healthcare Partners, according to Shepard. Provident Healthcare Ventures is a separate entity from Provident Healthcare Partners. The new group plans to make three to four investments per year in both young and later-stage firms in healthcare sectors such as health IT, home care, and specialty pharmaceuticals, Shepard said. Mass High Tech first reported the launch of the new investment group this morning.

By posting a comment, you agree to our terms and conditions.