Who We Are

The West Health Investment Fund was established with a unique mission – to lower health care costs – by providing risk capital for companies with cutting-edge health care technologies and services.

The West Health Investment Fund was launched by entrepreneurs and philanthropists, Gary and Mary West. The Wests have committed $100 million to the Fund, and they are the sole funders.

The West Health Investment Fund exists with a mission to lower health care costs. Instead of returns flowing back to partners, the Fund's returns will be used to sustain the mission of philanthropic work to lower health care costs.

There are no management fees, there is no carried interest, and compensation is salaried. The Fund’s team may serve as independent Board advisors and observers for portfolio companies. Learn more about how the entities are funded and related.

 

About Gary & Mary West

Read Their Story

Gary and Mary West are entrepreneurs and philanthropists with a commitment to creating an entirely new ecosystem to lower health care costs through technology and innovation. The couple’s passion is rooted in their experience building a world-class company with more than 35,000 employees, which made them acutely aware of the pressing need to do something about the rising and unsustainable cost of health care in the United States.

The Wests have founded numerous companies over the last four decades, including West Corporation, which became one of the largest customer relationship management providers in the world with more $3.5 billion in annual sales and was taken private in 2006. Since then, the couple established the Gary and Mary West Foundation in 2006 and the West Wireless Health Institute, a non-profit medical research organization, in 2009.

In 2011, Gary and Mary launched the West Health Investment Fund, LLC, whose mission is to lower health care costs. The Fund provides risk capital for companies with cutting-edge health care technologies and services that offer the potential to substantially lower the cost of health care.

In 2012, the Wests extended the reach of West Health to Washington D.C. with the launch of the West Health Policy Center, with a multi-million dollar, multi-year commitment with the goal of saving more than $100 billion in cumulative health care costs within 10 years by identifying common sense changes in reimbursement and regulation.

West Health was introduced in 2012, as an independent, one-of-a-kind initiative whose mission is to lower health care costs by creating innovative, patient-centered solutions that deliver the right care at the right place at the right time. Solely funded by pioneering philanthropists Gary and Mary West, it consists of four entities: the West Health Institute, West Health Policy Center, West Health Investment Fund and West Health Incubator.

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Board of Directors

Manager

Nicholas J. Valeriani
Nicholas J. Valeriani

Manager

In his role as chief executive of the collective West Health effort, Nicholas J. Valeriani brings valuable expertise in engineering, operations, medical devices and diagnostics, entrepreneurship and non-profit leadership that make him uniquely qualified to advance the mission to lower health care costs through the West Health Institute, West Health Policy Center, West Health Investment Fund and West Health Incubator. All of these entities focus on lowering costs by creating innovative, patient-centered solutions that deliver the right care at the right place at the right time. Valeriani is the CEO of the Institute, the flagship organization of West Health, and the chair of the Executive Committee, the coordinated leadership team of West Health.

Valeriani established himself as a visionary health care leader over a 34-year career with Johnson & Johnson where he led several corporate functions and was a member of the corporation’s executive committee as corporate vice president of human resources; worldwide chairman of medical devices & diagnostics; and as vice president of the Office of Strategy & Growth. He was instrumental in identifying the global health care trends that led to the creation of a new wellness and prevention business platform and pioneering opportunities in the area of digital health.

He currently serves on the board of directors for the Robert Wood Johnson University Hospital.

Valeriani has an M.B.A. from Rutgers University, Graduate School of Management and a Bachelor of Science degree in industrial engineering from Rutgers University, College of Engineering.

Co-Manager

Joseph M. Smith, MD, PhD, FACC
Joseph M. Smith, MD, PhD, FACC

Co-Manager

An MIT-trained engineer (PhD in Medical engineering and Medical physics) and a Harvard-trained physician with comprehensive clinical experience in medicine, cardiology and clinical cardiac electrophysiology, Dr. Smith served in executive leadership roles in three of the largest U.S. medical device manufactures (Guidant, Boston Scientific, and Johnson & Johnson) with responsibilities including business development, venture investment, public policy, and clinical studies.

He has served as an advisor to many leading universities and foundations, as well as a broad range of venture-backed medical technology start-ups. Dr. Smith is also the inaugural Chief Medical and Science Officer at the West Wireless Health Institute.

Chief Financial Officer

Michael M. Caponetto, MBA
Michael M. Caponetto, MBA

Chief Financial Officer

In his role as Chief Financial Officer of West Health, Mike Caponetto brings strategic financial, operating and administrative expertise to advance the unique, one-of-a-kind initiative’s mission to lower health care costs through the West Health Institute, West Health Policy Center, West Health Investment Fund and West Health Incubator.  All of these entities focus on lowering costs by creating innovative, patient-centered solutions that deliver the right care at the right place at the right time.  

As a member of the executive leadership team, Caponetto oversees investments, long-term financial strategies and day-to-day financial and administrative operations of the West Health Institute, West Health Policy Center, West Health Investment Fund and West Health Incubator.  In this role, he maximizes West Health’s resources for achieving its mission, working closely with the other members of management team to help ensure the entities are focused on opportunities with the greatest cost-savings potential.  He also helps lead investments for the West Health Investment Fund.

Caponetto has extensive experience providing strategic, financial and operational leadership to a number of successful companies in the healthcare sector and various industries. Prior to joining West Health, he was Chief Financial Officer, Director of M&A, and a senior member of the management team for two Goldman Sachs-backed companies, via the firm's Special Situations Group.  His roles included financial and accounting operations, administration, human resources, and M&A, financing and growth strategies for Business Records Management LLC, an information management services company, and NorthStar Nuclear Medicine, LLC, a multidisciplinary radiopharmaceutical company he helped found and obtain financing.

Previously, Caponetto was Senior Principal and Managing Director at Triple Tree, LLC and Vine Street Partners/Century Capital Group, respectively, where he was responsible for the origination and execution of transactions involving mergers, acquisitions and venture capital, private equity and debt financings.  He has advised companies across numerous healthcare sectors, including without limitation medical devices, healthcare information technology, medical equipment, managed care, and institutional pharmacies. Caponetto earned an MBA with concentrations in finance and accounting from the University of Chicago (Booth) Graduate School of Business.

Chief Operating Officer

Shelley Lyford Valentine, MA
Shelley Lyford Valentine, MA

Chief Operating Officer

In her capacity as the President of the Gary and Mary West Foundation, Shelley Lyford Valentine has expertise in tax and compliance as well as the capability of creating impactful, action-oriented partnerships and identifying technology that enables seniors to be independent and age in place.

Prior to her work with Gary and Mary West, she was a Director at the Cystic Fibrosis Foundation and the Joan Kroc Institute at the University of San Diego. In roles at the United Nations and the International Executive Service Corps, she gained experience in assessing the viability of opportunities in emerging markets. Valentine sits on the Governance Committee of Grantmakers in Aging and is also the inaugural Executive Vice President at the West Health Institute.

Chief Technology Officer

Rob Matthews, PhD
Rob Matthews, PhD

Chief Technology Officer

Dr. Matthews has in-depth experience in developing non-invasive medical devices and a broad range of practical experience in developing state of the art electromagnetic sensing systems.

In his roles as a chief technology officer, his research and development activities have focused on commercial successes in the wellness and fitness markets, including several opportunities currently being transitioned into new spin-offs. He is an Executive Board member of the Augmented Condition Society and also belongs to the Human Factor Ergonomic Society. Dr. Matthews earned his PhD in Physics from the University of Western Australia. He is also the Chief Technology Officer at the West Wireless Health Institute.