FCA Health Innovations II is backed by six large North Carolina health systems plus a major payor, giving the fund direct insight into regional health-system pain points and pairing capital with a highly engaged advisory board of seasoned healthcare executives who help portfolio companies navigate complex provider and payor environments. The fund has built a repeatable playbook in tech-enabled healthcare services and digital health with notable exits that collectively generated roughly $100M in exit value and over $285M in follow-on capital since 2021, while explicitly underwriting to improving patient care, provider experience, cost, and efficiency within health systems.