When Milwaukee-based Aurora Health Care announced plans invest $5 million in local startups over the next five years through its new InvestMKE fund, Aurora president and CEO Nick Turkal said the new fund will help the organization “deliver high-quality, cost-effective healthcare, ultimately helping people live well here at home.”
What Turkal’s comments accompanying last week’s InvestMKE announcement didn’t convey was that Aurora has in recent years been quietly investing in several healthtech startups, including some based in the Milwaukee area. The hospital and clinic network has provided more than just cash to the companies it has invested in; Aurora has also worked with them to develop, install, and test their products at sites within Aurora’s network, which it says comprises 15 hospitals and more than 150 clinics in Wisconsin and Illinois.
Aurora is also a partner of StartUp Health, a New York-based organization that helps connect its members—mostly small but growing healthcare technology companies—with larger, more established players in the industry. Unity Stoakes, co-founder and president of StartUp Health, calls Aurora “one of the most progressive health systems in the country.” Read the full story here.