Exclusive: Sen. Bill Frist’s Frist Cressey Ventures raises $425 million fourth fund

Healthcare in America is in rapid flux, and few would know that better than Sen. Bill Frist.

“Lots of people say: ‘With the policy so messed up in Washington right now, why in the world do you spend so much time thinking about it?’” he told Fortune. “It’s because I have a great belief that… the only way to get to large scale is good policy. I see the power of things like the Medicare Modernization Act, which introduced prescription drugs. Believe it or not, before that, prescription drugs weren’t part of Medicare at all.”

Frist served 12 years in the U.S. Senate, after spending about 20 as a doctor. In 2016, he teamed up with Bryan Cressey to start a Nashville-based venture capital firm focused specifically on healthcare services. The........

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