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HealthQuest Seeks Start-Ups That Hit Health Care’s Bottom Line

Founded with the intent to invest in companies that bring value to health care, HealthQuest Capital continues to find strong interest from limited partners and unique companies to back.

Garheng Kong, MD, PhD, managing director of HealthQuest Capital, says the firm’s genesis grew from a look at the numbers. By his account, over 60% of the venture dollars poured into health care go to biopharmaceutical companies, but drugs only account for 9% of the health care dollars spent. What about the other 91%? “We believed that there was an opportunity,” says Kong, a one-time partner at Sofinnova Ventures, one of the more successful biopharma investors out there. “That was the actually genesis of HealthQuest, to build a firm focused on health care innovation that is about value optimization, not limited to a certain subsector.”

In this conversation with START-UP, Kong lays out how HealthQuest – which raised a $225 million fund this year –...

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