Philanthropists Create $100M Health Care Investment Fund
On Tuesday, prominent California philanthropists Gary and Mary West announced the launch of a $100 million investment fund aimed at promoting the development of new technologies to improve health care and reduce costs. The West Health Investment Fund will provide investment grants of between $500,000 and $5 million to companies that are developing advanced health care technologies and services. The couple previously donated $90 million to establish the West Wireless Health Institute. The new fund already has awarded grants to six technology companies, two of which are based in San Diego.