SAN FRANCISCO, May 17, 2016 /PRNewswire-USNewswire/ -- Launchpad Digital Health, the leading next generation of seed funds + accelerator for digital health, significantly expands its senior team. Two additional individuals, Randall Lipps and Paul Edwards, join Launchpad Digital Health as general partners. "Now is the time for us to expand our senior team at Launchpad Digital Health, and the addition of Randall and Paul are both fantastic additions. Their decades of healthcare technology experience will greatly enhance the success of the firm and our companies," said Fred Toney, CEO & Co-Founder.
Randall Lipps, new General Partner at LDH, has extensive industry expertise as a healthcare technology senior executive. Randall founded Omnicell, Inc., a medication and medical supply management technology company, in 1992, and serves as Chairman, President, and CEO. Today Omnicell is a publicly-traded company with 2,400 employees. Since 2003, Omnicell has been recognized as one of the top 150 Silicon Valley companies, as measured by market capitalization. Recently the company acquired Aesynt, formerly McKesson's automated pharmacy dispensing systems business, from Francisco Partners, greatly expanding Omnicell's product portfolio. "The digital transformation of healthcare has already begun improving healthcare for everyone by reshaping the patient and provider experience," said Lipps. "Launchpad is positioned to strongly accelerate this momentum, and I am excited to be part of the organization leading this effort."
Paul Edwards, new Operating Partner at LDH, has an extensive healthcare and investing background. Paul has over 20 years of experience in the medical technology and healthcare markets as a Principal at Latterell Venture Partners, and in many senior operating and marketing positions at Medtronic, Boston Scientific and Guidant, and in laboratory operations at SmithKline Beecham. He joins us directly from Hercules Capital, and he has completed many capital transactions throughout his career for healthcare and health-tech companies. "I believe Launchpad Digital Health offers startups a unique and early opportunity to gain not only meaningful capital, but also gain access to operational guidance from experienced members," said Paul Edwards. "I am excited to become a part of the team."
About Launchpad Digital Health
Launchpad Digital Health is currently accepting applications for its Ground Zero Program, which will begin July 1, 2016 in San Francisco. Submissions may be made at www.launchpdh.com.
Launchpad Digital Health is a next generation accelerator—more capital, more time and more intensity for its portfolio companies and their founders. Each company accepted into the accelerator program receives: 1) more capital in the form of up to a $500,000 initial investment, 2) more time commitment in the form of a year-long program, co-location with other startups in the digital health sector and the Launchpad Digital Health team, and 3) more intensity in the form of daily and weekly engagement with Launchpad Digital Health's founders, partners and advisors. Our team and advisors are there all along the way as critical business decisions are made. The founders and senior leadership of Launchpad Digital Health have funded and operated companies throughout the healthcare and technology sectors, including digital health companies, for the past two decades. Launchpad Digital Health – Ground Zero extends this ecosystem to companies that, with more intensive time and effort over the 4-month LDH-GZ immersion program, can become eligible for the LDH accelerator and investment.
To find out more about LDH and LDH-GZ, visit us at www.launchpdh.com and see how your startup can benefit from this next generation accelerator programs, as its next class of companies begins.
SOURCE Launchpad Digital Health LLC