TLDR:
Key points:
- CareSource entered a strategic partnership with Boomerang Ventures, becoming a limited partner in the fund.
- This collaboration will allow for investments in cutting-edge health technologies and expansion into new markets.
Larry Smart, CFO at CareSource, recently spoke about the partnership with Boomerang Ventures. CareSource, a managed care organization with over 2.3 million members, joined Boomerang as a limited partner in its venture studio and venture capital fund specializing in connected health solutions. Through this partnership, CareSource will gain access to Boomerang’s network of health care professionals, providers, investors, and experts, as well as the opportunity to co-invest in strategically aligned companies.
Boomerang will be able to expand into new geographic markets with the support of CareSource, while its portfolio companies will have the chance to pilot technologies with CareSource providers. The primary goal of the partnership is to drive innovative solutions to positively impact the health of the communities CareSource serves. By focusing on underserved and under-resourced communities, CareSource aims to improve health care access, quality, and equity.
Overall, the partnership between CareSource and Boomerang Ventures seeks to fill gaps in the health care system and address the needs of individuals covered by government-sponsored health care programs.
