Provident Healthcare Ventures has recently launched its inaugural Principals Fund, a healthcare venture fund with $25 million of committed capital and comprised of experts in the healthcare industry and members with critical fund management experience. Provident identifies and primarily targets early-stage middle-market healthcare companies, focusing on certain niche healthcare services sectors, including, but not limited to, specialty/institutional pharmacy, infusion therapy, disease and therapy management, hospice, and home healthcare platforms.

The Principals Fund includes both an incubator for early-stage start-up funding, as well as more traditional seed funding for larger investments. All capital invested in the Principals Fund is provided by the principals of Provident, affirming their belief that providing healthcare services companies with crucial resources, such as capital and operating expertise, will significantly increase enterprise value over the life of the investment. The Principals Fund also provides capital for follow-on investments to assure portfolio companies that the Fund has the capacity and vision to enable later rounds of financing.