As market pressures loom, healthcare giant Cigna launches a $250 million venture fund [TechCrunch Blog]
Berkshire Hathaway Inc. New (BRK.B)
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Source: TechCrunch Blog
If you don’t think the healthcare market is prepping for the radical transformations that remote care, persistent diagnostics, as well as and monitoring and improving targeted treatments are going to bring to the industry, think again. Healthcare companies are steeling themselves for the shift in healthcare services in the most desperate way they can — by launching venture funds. The latest to make the move is Cigna, the multi-billion-dollar healthcare insurer which is now launching a $250 million venture fund called Cigna Ventures . Starting a venture fund has often been the last, worst best hope of corporations that have been overtaken by dramatic changes in technological platforms. At the tail end of the last internet bubble, as everything was about to fall apart, big companies began to realize that technology was bringing hordes of new barbarians to the gate. And they swung into action to finance these companies, and get a window into them, even as the hor
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