# ProMedica Innovations

ProMedica Innovations is a Healthcare Innovation / Accelerator / Incubator based in Toledo, United States.

## Overview

- **Organization type:** Healthcare Innovation / Accelerator / Incubator
- **Headquarters:** Toledo, United States
- **Region:** North America
- **Address:** Toledo, OH, United States
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** https://www.promedica.org/innovations
- **LinkedIn:** https://www.linkedin.com/company/promedica-innovations

## Regulatory record

- **Reports private funds:** No

## About

ProMedica Innovations is the investment arm of ProMedica, a locally owned nonprofit healthcare organization serving northwest Ohio and southeast Michigan. It has made 9 investments, including a Series B investment in Bitwise Industries on February 24, 2021. ProMedica Innovations has 1 portfolio exit, TELA Bio, which exited on November 08, 2019.

## Sectors

- Digital Health
- Healthcare Services
- Enterprise Software

## Offices

- Cleveland, OH, United States

## Questions

### How does ProMedica Innovations source proprietary deal flow?

ProMedica Innovations sources deals primarily through its parent health system's clinical and operational needs. ProMedica hospitals and care settings identify specific gaps, which the innovation team then scouts or incubates startups to address. This demand-driven approach produces deal flow that is tied directly to real-world healthcare problems (public record).

### Does ProMedica Innovations participate in fund commitments or only direct deals?

ProMedica Innovations makes direct equity investments in portfolio companies. It does not commit capital to external venture funds as a limited partner. The unit also operates an incubation program to build new companies internally.

### Which sectors does ProMedica Innovations explicitly avoid?

ProMedica Innovations does not publicly disclose a list of excluded sectors. Based on its portfolio and parent organization's focus, it is unlikely to invest in non-healthcare sectors, pure-play biopharma, or companies without a clear integration path into a hospital system.

### How is ProMedica Innovations related to ProMedica?

ProMedica Innovations is a wholly owned unit of ProMedica, a nonprofit health system based in Toledo, Ohio, operating 11 hospitals and numerous outpatient facilities. The innovation unit reports to ProMedica's executive leadership and aligns its investment strategy with the system's clinical and operational priorities.

## Related profiles

- [The Coastal Companies](https://altss.com/profile/the-coastal-companies)
- [Prime Technological Services](https://altss.com/profile/prime-technological-services)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/promedica-innovations

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology