McKesson Launches Venture Fund, Appoints Tom Rodgers as Managing Director
December 10 2014 - 8:30AM
Business Wire
New Fund Will Partner with Entrepreneurs to
Build and Scale Companies that Significantly Drive the Evolution
and Sustainability of the Healthcare System
McKesson Corporation (NYSE:MCK) today announced that it has
launched McKesson Ventures, a strategic venture capital fund, to
invest in early and growth stage companies addressing both current
and emerging business challenges facing the healthcare industry.
Industry veteran Tom Rodgers has joined McKesson Ventures as
managing director and leads the fund’s investment portfolio.
“McKesson Ventures will help us support the development and
commercialization of innovations taking place across healthcare,”
said John Hammergren, chairman and CEO, McKesson. “By investing and
partnering with entrepreneurs and other investors that can bring
new approaches to the challenges our customers are facing, we will
accelerate the innovation cycle and further strengthen the value we
provide to industry stakeholders across all segments.”
McKesson Ventures is actively making minority investments in
companies that span a broad section of healthcare. The fund is
focused on helping build businesses that are driving towards a
stronger, more sustainable future for healthcare and will target
companies that are both enabling and benefitting from the
disruptive changes affecting the industry. These changes include
increasing consumerism, emergence of alternate delivery models and
the shift towards value based reimbursement models. These target
companies will predominantly be pursuing high growth opportunities
adjacent to or outside McKesson’s current business.
Tom Rodgers joins McKesson Ventures from Cambia Health, where he
led their venture investing efforts targeting companies that are
helping to lower cost, improve access, and improve the navigability
and sustainability of the healthcare system for providers,
employers and consumers. Prior to Cambia, Rodgers was a partner at
Advanced Technology Ventures (ATV), where he led efforts in
healthcare technology. He is returning to McKesson, after more than
a decade in the venture industry, where he previously served as a
vice president of corporate strategy and business development.
Rodgers holds an M.B.A. from the Wharton School and a B.A. from the
University of Pennsylvania.
“With experience working with both large healthcare companies
like McKesson and many promising healthcare startups, Tom’s
background gives him a clear understanding of the opportunities for
both incremental and transformative change in the business of
healthcare,” said Hammergren. “Under his guidance, McKesson
Ventures will be a valuable financial and strategic partner for its
portfolio companies and, when synergies exist, serve as a conduit
to the many strengths, relationships and industry breadth of
McKesson.”
“McKesson has long been dedicated to staying ahead of its
customers’ needs, and the establishment of McKesson Ventures
furthers its long-standing commitment to the development of
innovative healthcare solutions and thought leadership within the
industry. I am excited to return and to have the dedication, vision
and industry footprint of McKesson behind this effort,” said Tom
Rodgers.
For more information, visit http://ventures.mckesson.com/.
About McKesson
McKesson Corporation, currently ranked 15th on the FORTUNE 500,
is a healthcare services and information technology company
dedicated to making the business of healthcare run better. McKesson
partners with payers, hospitals, physician offices, pharmacies,
pharmaceutical companies and others across the spectrum of care to
build healthier organizations that deliver better care to patients
in every setting. McKesson helps its customers improve their
financial, operational, and clinical performance with solutions
that include pharmaceutical and medical-surgical supply management,
healthcare information technology, and business and clinical
services. For more information, visit www.mckesson.com.
McKesson CorporationKristin Hunter,
415-983-8974Kristin.hunter@McKesson.com
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