The modern world has seen the healthcare system evolve and join forces with complementary disciplines in an effort to provide superior solutions and services. A prime example is the relationship between private equity and healthcare, with companies in these sectors identifying significant growth in provider-driven joint ventures.
Tackling the evolution of such partnerships on this episode of Across the Table are McGuireWoods partners and hosts Amber Walsh and Holly Buckley, joined by Scott Becker, a partner in the McGuireWoods Healthcare Group and Chief Content Officer of Becker’s Healthcare.
The group kicks off the discussion with just one question: “tell us some of the more interesting things that you’ve seen health systems doing relative to their venture arms and their kind of partnerships with private equity.” (1:09) Scott explains that this partnership evolution must be analyzed based on the two types of ventures that exist: provider-driven joint ventures and hospital venture-related operations in the technology space. The group then examines these two ventures, providing brief information about each and discussing the significant changes in the space over the last 10-15 years.
· Provider-driven joint ventures (01:56)
· Hospital venture-related operations (02:51)
· Technology-driven solutions innovation funds are investing in (05:29)
· Origin of the talent and ideas in these partnerships, does it come from the health
· system or where? (06:40)
· Has COVID increased or damped interest in these venture arms? (08:35)
· Private equity funds vs. health system, which should we trust? (10:44)
· Commercialization, the goal of the venture funds (14:55)
· The future of these partnerships (16:39)
We appreciate you joining us on this episode of Across the Table. To learn more about today’s discussion or to contact us, please visit our website at mcguirewoods.com.
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