Durham, N.C.-based Mosaic Health Solutions and Portland, Ore.-based Cambia Health Solutions announced the development of Echo Health Ventures, a healthcare investment company.
According to a press release, Echo Health Ventures will integrate the programs of Mosaic and Cambia to deploy capital to support innovative, consumer-centric healthcare companies and will work with early stage startups and growth companies to help fuel innovation and scale technologies.
The parent companies’ governing boards have tapped Rob Coppedge to lead the combined strategic investment company as its chief executive officer. Coppedge most recently served as president of Cambia’s strategic investment division.
“The next great health care companies will personalize health care, reduce costs and focus on the consumer—not the enterprise,” Coppedge said in a statement. “By leveraging the strength of Cambia and Mosaic, we are able to bring significant value to our portfolio companies. Whether they are early stage startups or well established growth companies, Echo will uniquely support getting their innovations to scale faster and more successfully across the multi-trillion dollar health care market.”
The Echo Health Ventures board will include Mark Ganz, president and CEO of Cambia Health Solutions, and Brad Wilson, president and CEO of Blue Cross and Blue Shield of North Carolina.
Echo Health Ventures operates nationwide with offices in Durham, N.C., Portland, Ore. and Seattle.
