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Mayank Taneja-OSF Ventures

Mayank Taneja-OSF Ventures

OSF Ventures, the corporate investment arm of OSF HealthCare, begins a new era of leadership and investment as founding leader Stan Lynall begins a transition to retirement. For now, Lynall, the senior steward of OSF Ventures, will continue in a part-time role focused on portfolio management including board positions with eight portfolio companies.

Founded in the last quarter of 2015, OSF Ventures is part of the Innovation strategy of OSF HealthCare, a 15-hospital system in Illinois and Michigan. Investments are focused on Series A and Series B rounds for startups with digital solutions, tech-enabled services and medical technology, including medical devices, diagnostics and therapeutics.

Mayank Taneja, who joined OSF Ventures in 2016 as one of the earliest members of a high-performing team, began a new generation of leadership and stepped into the role of vice president of venture investments on June 26. Taneja has been with OSF HealthCare since 2014. He brings experience in the health care industry across multiple disciplines including the practice of medicine, working with early stage companies, supporting venture investments and innovation strategies.

In addition to direct investment in 28 companies, which is its primary focus, OSF Ventures has invested in two strategically aligned health care venture capital funds: Ascension Ventures and LRV Health. In his new role, Taneja will oversee $250 million in assets across three funds.

OSF Ventures has experienced nine successful exits since its launch. As director, Taneja led OSF investments and served as a board observer on several of these companies including: Current Health (acquired by Best Buy), SilverCloud (acquired by Amwell), CareSignal (acquired by LightBeam Health) and Paradigm Diagnostics (acquired by Exact Sciences). He has also worked closely with OSF executives across the system to foster innovation and advance new ideas and technologies; many that have been or will eventually be deployed within the OSF Ministry.

“We know as a health care system we need to constantly innovate to serve patients and caregivers better and we are always looking for new partners who can bring value to those efforts,” says Michelle Conger, OSF HealthCare chief strategy officer and CEO of OSF OnCall Digital Health.

“Stan has built a strong ventures program that helped OSF HealthCare become a leader in the world of health system-sponsored investment programs, scaled through partnerships and practical collaborations with budding tech companies that brought emerging health care solutions to our clinics and hospitals, most often before they are broadly marketed and deployed.”


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