Head of investments for OSF Ventures to retire

• Stan Lynall, VP investments, will continue in part-time role
• Mayank Taneja will take over lead position
• OSF HealthCare’s venture arm targets Series A and B rounds for startups with digital solutions, tech-enabled services and medical technology

Stan Lynall, vice president of investments of OSF Ventures, the corporate investment arm of OSF HealthCare, is beginning a transition to retirement. Lynall will continue in a part-time role focused on portfolio management, including board positions with eight portfolio companies.

Mayank Taneja, who joined OSF Ventures in 2016, will transition into the lead position. In his new role, Taneja will oversee $250 million in assets across three funds.

“I have no doubt that Mayank’s expertise and reputation in the healthcare venture investment ecosystem will continue to advance our initiatives through new partners leveraging innovations that improve patient and provider experience, as well as individual health and wellness,” Michelle Conger, OSF HealthCare chief strategy officer, said in a statement.

OSF HealthCare is an integrated health system owned and operated by The Sisters of the Third Order of St. Francis, which is headquartered in Peoria, Illinois.

OSF Ventures has made direct investments in 28 companies and has invested in two healthcare venture capital funds: Ascension Ventures and LRV Health. OSF Ventures focuses on Series A and Series B rounds for startups with digital solutions, tech-enabled services and medical technology.