Providence St. Joseph Health’s venture capital arm, Providence Ventures announced a second fund at the J.P. Morgan’s Healthcare Conference, according to Modern Healthcare. The fund, called Providence Ventures II, will be used to target early and growth-stage companies focused on information technology, technology-enabled services, medical devices and healthcare services, and will likely include 15 investments over the next five years.
Renton, Washington-based Providence St. Joseph Health (PSJH) has a track record of accurate predictions for the health care industry. The top 10 predictions for 2019 were released in a recent press release and include data security, economic conditions and mega-mergers.
The independent, nonprofit Allegan Healthcare Group (AHG) has signed a letter of intent to join Ascension Michigan. AHG offers many ambulatory services across two counties. Joseph Cacchione, MD, Senior Vice President, Ascension Healthcare and Ministry Market Executive, Ascension Michigan shared, “The potential addition of Allegan General Hospital to Ascension Michigan represents a considerable opportunity for us, working closely with Allegan caregivers, to strengthen healthcare access and delivery, and to better address the healthcare needs of the communities served by Allegan and Ascension Michigan.”
Memorial Hospital and Health Care Center of Jasper, Indiana will claim one of five 2018 Malcolm Baldrige National Quality Award in April. The hospital will be among the very top performers when it received the federal government’s highest recognition for performance excellence. The announcement was made in the recent issue of Catholic Health World.
With Providence as a practicing radiation oncologist for 17 years, Dr. Rex Hoffman is the new chief medical officer of Providence Holy Cross Medical Center in Mission Hills, California. According to Bernard Klein, MD, CEO of Providence Holy Cross, Dr. Hoffman is well respected across the organization and has held leadership roles throughout the region. The press release highlights Dr. Hoffman’s achievements and shares his focus as he begins this new role.