Cambia Health Solutions and Mosaic Health Solutions have combined their respective investment groups into one new investor called Echo Health Ventures. Under the leadership of CEO Rob Coppedge, who has led Cambia’s investment division for the past six years, the new company will manage both companies’ existing portfolios as well as pursue new stage-agnostic investments in healthcare innovation.
“We have complementary portfolios, both by stages and by sector,” Coppedge told MobiHealthNews. “Both parents realized the future of strategic investing and corporate investing is partnership. Because we can’t do this alone. We’ve co-invested before, we’ve worked together on other things, so it made a lot of sense to bring the groups together.”
Echo will be an independent company but its board will include Mark Ganz, president and CEO of Cambia Health Solutions, and Brad Wilson, president and CEO of Blue Cross and Blue Shield of North Carolina. Maureen O’Connor, current president of Mosaic Ventures, will retire at the end of the year. For the full article click here
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