Psilos Group Raising New Fund
The target is $450 million, according to an SEC filing. Psilos did not return calls seeking comment, but Thomson Reuters says the firm manages around $550 million in capital. Its portfolio has been focused on healthcare services, healthcare IT and medical technology, and especially on companies that can both improve healthcare and lower costs. In September I wrote about a holding company that Psilos put together that combined technology from several of its portfolio companies -- including electronic health records, software that administers claims for employers who insure themselves, and transaction processing that manages plans -- and created a subsidiary in San Francisco called SeeChange that sells insurance plans for people with chronic but manageable diseases. Take care of yourself, and you and your employer save money.
