Life point health Is cooperating with venture capital studio 25madison and Apollo Global Management to launch a Business incubator According to a press release on Tuesday, Nashville Health Technology.

The new company, 25m Health, will be launched with a seed funding of 20 million U.S. dollars. The two companies hope that combining LifePoint’s healthcare knowledge with 25madison’s entrepreneurial experience will help spawn a wave of innovative companies, products and services to improve healthcare quality, access, and patient outcomes, while reducing costs.

LifePoint previously invested in other Digital health Companies, including Cadence, Eon, and Loyal Health. But 25m Health will allow the healthcare giant to invest in new businesses, products and services, especially those that solve the problems faced by LifePoint and other rural suppliers.

“These solutions will be tailored to our community by listening to our caregivers and addressing their pain points,” said David Dier, CEO of LifePoint Health.

In recent years, the health system has partnered with experienced venture capitalists to help new startups start and operate.For example, Northwell Health in New York recently announced Joint venture with Aegis Build and launch healthcare startups that support artificial intelligence. They hope to profit in the growing digital healthcare market and develop new products and services to simplify operations during the slow modernization of healthcare delivery systems.

Venture capitalist investment A record $23 billion in digital health According to data from Digital Health Business & Technology, the first nine months of 2021. Compared with the same period last year, it increased by 118%. In the first three quarters of this year, more than 2,100 investors invested in digital health, a significant increase from the approximately 1,500 investors in the first nine months of 2020.