Health system intelligence profile
Corewell Health (formed from Spectrum Health and Beaumont Health)
Editorially verified · Last reviewed August 30, 2026
Intelligence summary
Corewell Health Ventures is the venture investment arm of Corewell Health, the integrated Michigan system created by the merger of Spectrum Health and Beaumont Health, which also owns the Priority Health plan. The fund invests in growth-stage companies with existing customers and at least $1 million of revenue, and it explicitly excludes pre-revenue startups, Class III medical devices, pharmaceuticals and biotech. Its thesis is anchored on Corewell's vision of personalized health that is simple, affordable and exceptional, and the payer-plus-provider structure lets it evaluate solutions on both sides of the risk equation. It makes direct investments and also commits capital to third-party venture funds, producing a large indirect portfolio. It invests rather than incubating companies.
Documented successes: Direct portfolio includes AvaSure, TigerConnect, Rad AI, Cadence, Ciitizen, eVideon, Gauss, Lumere, SpendMend, Leiters, KeyCare, Vynca, Socially Determined, ProCredEx and Arivale; indirect portfolio through fund commitments includes Livongo, Transcarent, Clarify Health, Brightline, NeuroFlow, OM1, Thyme Care, Curana Health and Medisafe; strategic fund relationships with 7wireVentures, Concord Health Partners, Heritage Group and BioStar Capital
Mandate and remit
Corewell Health Ventures is the venture investment arm of Corewell Health, the integrated Michigan system created by the merger of Spectrum Health and Beaumont Health, which also owns the Priority Health plan. The fund invests in growth-stage companies with existing customers and at least $1 million of revenue, and it explicitly excludes pre-revenue startups, Class III medical devices, pharmaceuticals and biotech. Its thesis is anchored on Corewell's vision of personalized health that is simple, affordable and exceptional, and the payer-plus-provider structure lets it evaluate solutions on both sides of the risk equation. It makes direct investments and also commits capital to third-party venture funds, producing a large indirect portfolio. It invests rather than incubating companies.
These routes appear in the program's sourced public record.
Fund or office: Corewell Health Ventures (formerly Spectrum Health Ventures)
Corewell Health Ventures is the venture investment arm of Corewell Health, the integrated Michigan system created by the merger of Spectrum Health and Beaumont Health, which also owns the Priority Health plan. The fund invests in growth-stage companies with existing customers and at least $1 million of revenue, and it explicitly excludes pre-revenue startups, Class III medical devices, pharmaceuticals and biotech. Its thesis is anchored on Corewell's vision of personalized health that is simple, affordable and exceptional, and the payer-plus-provider structure lets it evaluate solutions on both sides of the risk equation. It makes direct investments and also commits capital to third-party venture funds, producing a large indirect portfolio. It invests rather than incubating companies.
Documented successes
Direct portfolio includes AvaSure, TigerConnect, Rad AI, Cadence, Ciitizen, eVideon, Gauss, Lumere, SpendMend, Leiters, KeyCare, Vynca, Socially Determined, ProCredEx and Arivale; indirect portfolio through fund commitments includes Livongo, Transcarent, Clarify Health, Brightline, NeuroFlow, OM1, Thyme Care, Curana Health and Medisafe; strategic fund relationships with 7wireVentures, Concord Health Partners, Heritage Group and BioStar Capital
Organizational home: Corewell Health Ventures (formerly Spectrum Health Ventures), Corewell Health (formed from Spectrum Health and Beaumont Health)
Use the program's published contact route for partnership, licensing, innovation, or program inquiries.
Comparable records based on shared public taxonomy, location, or commercialization route.
Same state · Same program type · Same commercialization route
Detroit, Michigan
Henry Ford Innovations
Henry Ford Innovations advances inventions developed by Henry Ford Health clinicians and researchers while also sourcing external technologies for the system.
Nonprofit
Read the intelligence briefEditorially verified · Reviewed August 30, 2026
Same state · Same program type · Same commercialization route
Detroit, Michigan
Henry Ford + MSU Innovation Fund (Henry Ford Innovations)
Henry Ford Health and Michigan State University launched a joint Innovation Hub in 2025 anchored by a $10 million venture fund, the Henry Ford + MSU Innovation Fund, managed with the MSU Research Foundation.
Nonprofit
Read the intelligence briefEditorially verified · Reviewed August 30, 2026
Same state · Same program type · Same commercialization route
Ann Arbor, Michigan
U-M Innovation Partnerships
Innovation Partnerships is the University of Michigan's central technology transfer and commercialization unit, handling invention disclosures, patents and licenses for the entire university including Michigan Medicine's clinical and biomedical research.
Academic · Nonprofit
Read the intelligence briefReviewed August 30, 2026
Same state · Same program type · Same commercialization route
Ann Arbor, Michigan
Michigan Biomedical Venture Fund
The Michigan Biomedical Venture Fund is an early-stage investment program within Fast Forward Medical Innovation at the University of Michigan Medical School.
Academic · Nonprofit
Read the intelligence briefEditorially verified · Reviewed August 30, 2026
Same program type · Same commercialization route
Chicago, Illinois
Advocate Aurora Enterprises
Advocate Aurora Enterprises was the investment and business-building arm of Advocate Aurora Health, now part of Advocate Health, the third-largest nonprofit health system in the country.
Nonprofit
Read the intelligence briefEditorially verified · Reviewed August 30, 2026
Same program type · Same commercialization route
Pittsburgh, Pennsylvania
AlphaLab Health
AlphaLab Health is a healthcare and life sciences startup accelerator launched in 2020 as a partnership between Allegheny Health Network, Highmark Health and Innovation Works, with support from Pittsburgh-area universities, corporations and foundations.
Nonprofit
Read the intelligence briefPartially verified · Reviewed August 30, 2026
Reviewed August 30, 2026. External source links open in a new tab.
Confidential comparison
Request a confidential conversation about the commercial opportunities, market pathways, and capabilities within your hospital's innovation portfolio. The public directory does not score or rank programs.