The Gains in Venture Capital

I spoke with Matthew Hermann this month for my cover story on hospital entrepreneurship. Some hospitals are investing in venture capital not only for the potential financial gains, but also to be able to take advantage of the innovative solutions being developed by the companies in which these funds invest. Ascension Health Ventures, which Hermann runs, is a so-called "capitive" investment vehicle for Catholic health system giant Ascension Health that focuses on investments in early-stage healthcare companies, among other investments. Before joining AHV, he served for five years as vice president with a New York-based venture capital management company focused on early- to mid-stage healthcare services and information technology companies.