Concord Health Partners raises $50m

The New Jersey-based firm, in conjunction with the American Hospital Association, closed its venture capital healthcare fund at its target.

Concord Health Partners held a final closing of AHA Innovation Development Fund at $50 million. The fund, launched with the support of the American Hospital Association, will target early-stage healthcare and healthcare technology companies that provide hospitals and health systems with the resources they need to achieve optimal performance.

The American Hospital Association, or AHA, is a non-profit healthcare provider with close to 5,000 member hospitals and other healthcare providers as well as 43,000 individual members. Concord Health Partners, manager of the AHA Fund, is an investment firm based in New Jersey that targets investments in healthcare and technology companies throughout the United States.