VC / M&A news from FierceHealthIT

Former national HIT coordinator Dr. David Brailer has launched a new venture investment fund targeting health IT firms whose technology stands to cut healthcare costs substantially. The venture fund has only one investor, but it's a giant. Brailer's Health Evolution Partners will start with $700 million from CALPERS, the California Public Employees Retirement System, which has assets of $240 billion. CALPERS, which funds care for 1.5 million workers, retirees and their family members, …