The American Hospital Association is a lobbying powerhouse, championing the interests of its thousands of member hospitals before Congress. Now, though, the trade group is dipping its toes into a decidedly different arena: venture capital investing.
It’s rare for trade groups to dabble in venture capital — where investors fund startups in exchange for stakes in those emerging companies — because it’s so different from their typical bread and butter. But the not-for-profit AHA says it’s well-positioned to get health care startups off the ground because it can offer up their technologies to its almost 5,000 hospital and health system members.
“Coming from a trusted reference like the AHA, we would certainly pay attention to the company they sent us,” said Neil Wyant, vice president for investment and commercialization at UH Ventures, the venture arm of University Hospitals in Cleveland.
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