Cardinal Health investing in healthcare VC funds, startups to speed innovation

In January alone, Cardinal Health Inc. invested $5 million as part of the launch of a venture fund focused on Black-owned healthcare startups, directly joined a $110 million VC round in a startup enabling hospital-level care at home and teamed up with a a California smart-mug maker to co-develop a self-refrigerated, cloud-connected shipping cube.

Ohio’s largest company consistently encourages and rewards internal innovation, but increasingly looks to tech startups for constructive disruption, CEO Mike Kaufmann said.

“You do have to look outside,” Kaufmann said in an interview. “What are your strengths, and where might you combine with others to speed things up?”

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Story excerpt provided by Columbus Inno.

Written by Carrie Ghose.

Originally published February 4, 2022.