June. Wow, it was just March.

VC, healthcare Fortune 500, pharmacy and more venture stuff!

Andrew Steen
June 03, 2025

💯 Hard Yes!

Totally agree with Chrissy Farr—absolutely need to build relationships with VCs in advance of a raise.

Should you build relationships with VCs before a raise? That’s a hard yes.

The best time to raise money from investors is when you're not already looking for it. And it gives you time to get to know what will become some of the most important relationships of your entrepreneurial journey,

secondopinion.media/p/should-you-build-relationships-with-vcs-before-a-raise-that-s-a-hard-yes-b0c7

“Ask for money, get advice. Ask for advice, get money.” A lot of truth in that adage.

Fortune 500

Three Fortune 500 companies are currently headquartered in Louisville. Two are in healthcare.

Humana is ranked 39th on the 2025 list. According to Becker’s Hospital Review, that was good enough for spot 9 on their list of the top 25 ranked healthcare companies.

Fortune 500's top 25 healthcare companies - Becker's Hospital Review | Healthcare News & Analysis

The 71st Fortune 500 ranks America’s largest companies by 2024 fiscal year revenue. Key healthcare takeaways from the most recent listing from Fortune, released June 2: 1. The list includes 12 companies specializing in medical facilities within its broader healthcare sector, led once again by HCA Healthcare, which holds steady at No. 61 overall. 2. […]

www.beckershospitalreview.com/rankings-and-ratings/fortune-500s-top-25-healthcare-companies/?origin=BHRE&utm_source=BHRE&utm_medium=email&utm_content=newsletter&oly_enc_id=9128I7569089J3D

BrightSpring Health Services rose 59 spots to rank 377th.

Fortune 500: Local firm makes big leap

Louisville Business First

www.bizjournals.com/louisville/news/2025/06/02/local-company-makes-big-fortune-500-jump.html?utm_source=st&utm_medium=en&utm_campaign=ae&utm_content=LO&j=40118992&senddate=2025-06-02&utm_term=ep4&empos=p4

Senior Living Pharmacy

“Louisville, Kentucky-based Trilogy Health Services has owned and operated its own pharmacy services for over two decades, dispensing 1.2 million prescriptions monthly through Synchrony Pharmacy.”

More Senior Living Operators Embrace Pharmacy Services to Improve Care, Revenue

In the quest for higher margins and better care outcomes, some senior living operators are taking a greater role in organizing and providing pharmacy

seniorhousingnews.com/2025/05/27/more-senior-living-operators-embrace-pharmacy-services-to-improve-care-revenue

Wrote this about a year ago, but still relevant.

Pharmacy: A 'Hidden' Niche in Louisville?

Health Enterprise Partners recently published 2024 Reflections & Predictions in partnership with L.E.

www.linkedin.com/pulse/pharmacy-louisville-niche-industry-liverpoollane-com-sgabe

Geriatric pharmacy could, should—and maybe is—a thing in Louisville.

Drug Channels’ Annual Update

“It's time for Drug Channels’ annual update of vertical integration among insurers, PBMs, specialty pharmacies, and healthcare services within U.S. drug channels.” Always a good read.

Mapping the Vertical Integration of Insurers, PBMs, Specialty Pharmacies, and Providers: DCI’s 2025 Update and Competitive Outlook

www.drugchannels.net/2025/04/mapping-vertical-integration-of.html

62 health systems ranked by total assets

Norton is on there.

62 health systems ranked by total assets - Becker's Hospital Review | Healthcare News & Analysis

As health systems adapt to shifting financial pressures and strategic imperatives, the country’s largest players are reshaping their footprints through bold mergers and portfolio overhauls. Organizations like Ascension and Community Health Systems have streamlined their operating models via strategic hospital divestitures in certain markets, while others — including Sanford Health and Northwell Health — have […]

www.beckershospitalreview.com/finance/63-health-systems-ranked-by-total-assets/?origin=BHRE&utm_source=BHRE&utm_medium=email&utm_content=newsletter&oly_enc_id=9128I7569089J3D

Q1 2025 State of Pre-Seed

Interesting data from Carta—Q1 2025 State of Pre-Seed.

Startups in the health sector are relatively less likely to use SAFEs, according to the report.

Health Systems Invest

“Advocate Health, Memorial Hermann Health System, Corewell Health, and Atlantic Health System are not just investors — they are partners shaping how generative AI is applied across complex clinical environments.”

Rad AI Announces Strategic Investments from Four Leading Health Systems to Advance Enterprise AI in Healthcare

/PRNewswire/ -- Rad AI today announced an additional $8 million strategic investment to its latest funding round, led by four of the nation's most respected...

www.prnewswire.com/news-releases/rad-ai-announces-strategic-investments-from-four-leading-health-systems-to-advance-enterprise-ai-in-healthcare-302459908.html?utm_source=Elion&utm_campaign=eb24a21400-EMAIL_CAMPAIGN_2024_04_09_02_25_COPY_01&utm_medium=email&utm_term=0_-3c06e90c2e-571582163

Battery Ventures

This on Battery Ventures’ investment in AssistIQ. Why share?

Using AI to Make Healthcare More Efficient: Our Investment in AssistIQ - Battery Ventures

The U.S. healthcare system is at a critical breaking point: By 2030, every Baby Boomer will be over 65, making older adults comprise one in five Americans. Age is directly tied to increased healthcare spending, with annual per-person health expenditures averaging $22,356 for those 65 and older – nearly 2.5 times higher than for working-age… Continue reading Using AI to Make Healthcare More Efficient: Our Investment in AssistIQ

www.battery.com/blog/using-ai-to-make-healthcare-more-efficient-our-investment-in-assistiq

Well, you might recall that back in November 2024 Battery announced an investment in Louisville-based QSR Automations. Not health related, but a tie to the city.

QSR Automations Announces Majority Growth Investment from Battery Ventures

/PRNewswire/ -- QSR Automations, a global leader in restaurant technology solutions, today announced a strategic, majority growth investment from Battery...

www.prnewswire.com/news-releases/qsr-automations-announces-majority-growth-investment-from-battery-ventures-302293538.html

AgeTech Capital

The AgeTech Podcast with AgeTech Capital’s Lyne Landry.

Inside AgeTech Capital’s $100M Visionary Fund | The AgeTech Podcast S4E28 with Lyne Landry - TheGerontechnologist

Discover how AgeTech Capital is reshaping startup funding in AgeTech with their vision and partnership with AARP.

thegerontechnologist.com/inside-agetech-capitals-100m-visionary-fund-the-agetech-podcast-s4e28-with-lyne-landry

Share with your friends and colleagues! They’ll appreciate you even more!