CVS Health Ventures Looks Beyond Healthcare for Investments

CVS Health Ventures is expanding its investment strategy beyond traditional healthcare companies, now seeking technologies from other sectors to address complex health problems. Launched in 2021 as a $100 million unit, it has evolved into a broader platform managing around 40 portfolio companies. This shift allows CVS to adapt innovations, like blockchain for digital asset management or general call-center technology, for healthcare applications. The goal is to leverage external tech with internal expertise, aiming for greater strategic value and measurable outcomes in areas like drug delivery and patient care.