LRVHealth Raises $200M Fund V Focused on Care Anywhere

What You Should Know:

• Today, LRVHealth announced that it raised $200M in its fifth fund to accelerate its track record of driving transformational change in healthcare. In addition, the firm has expanded its team of healthcare operators and insiders to focus on a core investment strategy for this new fund that’s anchored around a central theme: Care Anywhere. 
• The LRVHealth team has partnered with leading entrepreneurs and helped build many of the healthcare industry’s established players since it was founded in 2000.

LRV’s Care Anywhere Focus

Care Anywhere represents the continued shift of health and medical care out of acute care settings to increase access, improve health equity and place a greater emphasis on preventative, personalized and participatory care. Its fifth fund is comprised exclusively of strategic limited partners and creates the healthcare industry’s largest network of strategic investors to include provider, payer and vendor organizations.

With 29 of the country’s leading healthcare providers, payers and vendors invested in its fund, LRVHealth’s strategic network touches one out of two healthcare consumers across the U.S. The fund’s initial investments include Greater Good Health, a company redefining value-based care through the first primary care model centered around nurse practitioners, and KeyCare, the nation’s only virtual-first care platform built with Epic.  

To support its growth and intense focus on Care Anywhere, LRVHealth has also expanded its team with a diverse group of healthcare operators and investors. Most recently, Josh Flum joined the firm as Managing Partner. Flum was formerly Chief Strategy Officer at CVS Health, where he also launched CVS Health Ventures and served in many other executive leadership roles during a nearly twenty-year career with the company. 

In addition, LRVHealth welcomed Christiana DelloRusso from Providence Ventures, Karen Au Yeung from Optum, Lise Courtney D’Amico from ChenMed, and Yoola Adeniji from Cohere Health and Yale School of Management. 

“We’re entering a second wave of digital health innovation that will be defined by a fundamental transformation in how and where care is delivered, driven by clinical scarcity, and enabled by advancements in technology – from artificial intelligence and machine learning, to sensors, optics, robotics and more,” said Keith J. Figlioli, Managing Partner, LRVHealth. “Care Anywhere is about delivering preventative, personalized and seamless care where, when and how consumers want it. Working with the healthcare incumbents in our strategic network as an extension of their operating teams, we’ll identify investment areas within this construct, and create opportunities for unique partnerships with the entrepreneurs addressing them, just as we’ve been doing for more than two decades.”

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