Health system intelligence profile
Novant Health
Editorially verified · Last reviewed August 30, 2026
Intelligence summary
Established 2022
Novant Health Enterprises is an independent business division focused on incubation, acquisition, commercialization, and strategic partnerships. Current official evidence does not present it as a separately managed corporate venture fund.
Documented successes: Created a national imaging center management company with TPG (MedQuest Associates transaction, announced January 2023); formed a strategic partnership with Privia Health; participated in Xealth's $24 million Series B; also a limited partner in Ascension Ventures' multi-system funds
Mandate and remit
Novant Health Enterprises is an independent business division launched by Novant Health in March 2022 to incubate, acquire and commercialize healthcare businesses rather than to make passive minority investments. It concentrates on three areas: developing transformational clinical capabilities, expanding into non-acute care settings, and commercializing differentiating digital solutions. The division is structured to partner with other healthcare organizations and to generate diversified growth outside Novant's core hospital operations. It is led by a president at the executive vice president level with a dedicated chief operating officer and general manager. Novant Health has also participated in digital health venture rounds alongside other systems.
These routes appear in the program's sourced public record.
Novant Health Enterprises is an independent business division focused on incubation, acquisition, commercialization, and strategic partnerships. Current official evidence does not present it as a separately managed corporate venture fund.
Documented successes
Created a national imaging center management company with TPG (MedQuest Associates transaction, announced January 2023); formed a strategic partnership with Privia Health; participated in Xealth's $24 million Series B; also a limited partner in Ascension Ventures' multi-system funds
Organizational home: Novant Health Enterprises, Novant Health
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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