BlueCross BlueShield Venture Fund and Sandbox Industries Announce Investment in Initiate Systems

BlueCross BlueShield Venture Partners is a newly formed $116-million fund to which 11 independent Blue Cross and/or Blue Shield companies have committed capital. The fund invests in technologies, products, and services in the U.S. healthcare industry that promote efficiency, lower costs, and improve options for consumers. In a unique partnership, the fund is managed jointly by representatives from the Association, the participating Blue Plans, and Sandbox Industries, a Chicago-based venture capital firm. Read more...

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