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Fortune
Fortune
Allie Garfinkle

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

(Credit: Courtesy of Frist Cressey Ventures)

Health care in America is in rapid flux, and few would know that better than former 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.”

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