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Townhall Ventures secures $115 million for health access fund

ImpactAlpha, September 21 – Townhall Ventures was launched in May to spur a “massive and necessary shift” in healthcare for low-income Americans. It’s investment focus is on companies trying to improve healthcare services, access, and the social determinants of health for 120 million low-income, elderly, and underserved Americans.

Less than six months later, the investment firm, led by Obama’s former Center for Medicaid and Medicare Services’ head Andy Slavitt and Oxeon Ventures partners Trevor Price and David Whelan, has reached a $115 million first close, with backing from “four of the five largest non-profit health systems and non-profit health payors” in the U.S., according to a company statement. The organizations were not named, however they collectively serve 23 million people in 42 U.S. states.

Townhall Ventures has not stated how much it ultimately hopes to raise for the fund. It has already begun deploying the capital it has on hand, however. So far, the firm has made eight investments, including three recent deals: affordable home-care provider Landmark Health; health insurance provider Bright Health; and Strive Health, a company working with specialists, patients and data to improve treatment for kidney diseases.

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