Redesign Health Raises $175M for New Venture Fund to Launch Dozens of Healthtech Startups Amid Layoffs; Blackstone Targets $5 Billion

Redesign Health has successfully raised $175 million to establish a new venture fund aimed at launching numerous healthtech startups over the coming years. This funding follows recent layoffs within the company, indicating a strategic pivot towards growth in the health technology sector. Notably, Redesign Health previously demonstrated its capacity to generate returns for its investors, highlighted by its $100 million acquisition of Lively in 2022 and a $225 million acquisition of Vault Workforce. In a related development, Blackstone is seeking to invest $5 billion in drug and medical-device developers that are in the late stages of clinical trials, reflecting a broader trend of significant investment in the health sector.