Health system intelligence profile
MemorialCare Health System
Editorially verified · Last reviewed August 30, 2026
Intelligence summary
The MemorialCare Innovation Fund is the strategic venture capital arm of MemorialCare Health System, a roughly $2 billion revenue Southern California nonprofit system. It provides growth capital to early- and mid-stage companies in healthcare information technology, healthcare services and medical devices. The fund is run by dedicated managing directors and is governed by a board chaired by MemorialCare's chief executive, with the system's chief medical officer and chief strategy officer also involved. Its differentiator is access to MemorialCare's hospitals, medical groups and outpatient network for validation and commercial reference. It is one of the longer-running provider venture funds on the West Coast and has produced multiple strategic exits.
Documented successes: Documented exits to strategic acquirers including Philips, McKesson, Health Catalyst, Stryker and Alcon; offices at 100 Oceangate, Suite P-275, Long Beach, California; more than 20 years of healthcare venture investing experience cited by the fund
Mandate and remit
The MemorialCare Innovation Fund is the strategic venture capital arm of MemorialCare Health System, a roughly $2 billion revenue Southern California nonprofit system. It provides growth capital to early- and mid-stage companies in healthcare information technology, healthcare services and medical devices. The fund is run by dedicated managing directors and is governed by a board chaired by MemorialCare's chief executive, with the system's chief medical officer and chief strategy officer also involved. Its differentiator is access to MemorialCare's hospitals, medical groups and outpatient network for validation and commercial reference. It is one of the longer-running provider venture funds on the West Coast and has produced multiple strategic exits.
These routes appear in the program's sourced public record.
Fund or office: MemorialCare Innovation Fund
The MemorialCare Innovation Fund is the strategic venture capital arm of MemorialCare Health System, a roughly $2 billion revenue Southern California nonprofit system. It provides growth capital to early- and mid-stage companies in healthcare information technology, healthcare services and medical devices. The fund is run by dedicated managing directors and is governed by a board chaired by MemorialCare's chief executive, with the system's chief medical officer and chief strategy officer also involved. Its differentiator is access to MemorialCare's hospitals, medical groups and outpatient network for validation and commercial reference. It is one of the longer-running provider venture funds on the West Coast and has produced multiple strategic exits.
Documented successes
Documented exits to strategic acquirers including Philips, McKesson, Health Catalyst, Stryker and Alcon; offices at 100 Oceangate, Suite P-275, Long Beach, California; more than 20 years of healthcare venture investing experience cited by the fund
Organizational home: MemorialCare Innovation Fund, MemorialCare Health System
Use the program's published contact route for partnership, licensing, innovation, or program inquiries.
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Reviewed August 30, 2026. External source links open in a new tab.
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