MemorialCare Innovation Fund (MCIF) provides strategic investment funding to privately held healthcare companies offering innovative products, services and technologies. As a result, we create value for our portfolio and provide MemorialCare Health System with early access to healthcare innovations. Typical investments include medical device, healthcare information technology and healthcare service companies with proven and experienced management teams, significant revenue growth potential, and a focused on helping healthcare systems improve their performance and successfully achieve their mission.
The MCIF investment strategy includes:
Utilizing clinical and business experts within MemorialCare to help determine which innovations have the most potential to further the mission of the healthcare system.
Encouraging the use of emerging products and services by the four MemorialCare medical centers and affiliated medical groups. A powerful synergy exists between our financial and strategic participation.
Leveraging all strategic relationships to provide a sound investment opportunity with potential for solid returns.
Providing opportunities for our portfolio companies to develop a strategic relationship with MemorialCare Health System. The clinical access provided by MCIF is often more valuable to entrepreneurs than our monetary investment.