Business

Brailer starts investment fund

NEWS IN BRIEF — Posted June 25, 2007

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David Brailer, MD, PhD, President Bush's former national health information technology coordinator, is leading a new $700 million venture capital fund on behalf of its lone investor -- the California Public Employees Retirement System.

Dr. Brailer's fund, called Health Evolution Partners, is slated to invest $500 million in companies whose objective is to slow the rate of increase for health care premiums. The other $200 million would go toward other health care company investments.

CalPERS is a $240 billion pension fund that is the nation's third-largest buyer of health care. Before joining the Bush administration, Dr. Brailer had been a health technology CEO and senior fellow of a health technology research organization in San Francisco, where his fund will be based.

Note: This item originally appeared at http://www.ama-assn.org/amednews/2007/06/25/bibf0625.htm.

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