John Beadle

So we co-found new companies from the ground up in partnership with large health systems, as you highlighted, Jonathan.

Within that mandate, we have a lot of flexibility in terms of how we can build new things.

So we can start from the ground up.

We'll build around teams of investigators.

We can do carve outs or spin outs of business units, and then we can do M&A that we can build on top of.

But the ethos is really we want to use transformative new technologies to be able to co-create something that is brand new and novel and that solves a major pain point in the overall ecosystem.

So as you mentioned in the intro, I was working at APL Group, which is a very flexible global investment firm, was focused primarily on new business creation.

So I built a data center business for us in Asia and southern Japan, where we're building a gigawatt campus in Kyushu, which is the southernmost island in Japan.

Was also doing a lot of early stage investing for us, where we had made a lot of investments

and early stage healthcare and life sciences companies, and was seeing all the transformative improvements that there had been in healthcare AI going back eight plus years.

And we started working with health systems that long ago.

Northwell was our first partnership, did a number of investments together, saw a lot of synergy in that partnership.

You know, started to meet with other health systems and saw that there was a need for an innovation partner to be able to help them transform themselves, drive new margin back to the system and also solve core challenges that they're facing using technology.

And, you know, pitch the founder and chairman of APL on launching a new platform, which became Aegis.

And we thought the most transformative impact would be delivered by not just investing in things that already existed, but co-creating new initiatives in partnership with large incumbents that are eager to transform themselves and diversify margin and revenue.

And so that was really the genesis of what became Aegis.

So back then it was just a lot of early stage minority venture investing.

But I think through that experience, we saw the extent to which health systems were going to need to transform themselves to be able to meet the modern age.

And I think the thing that I was most interested by was the fact that healthcare relative to other industries has had this significant productivity trap over the last couple of decades.

Most industries have had greater than 50% improvements in productivity over the last two decades.