Mosaic Health Solutions and Cambia Health Solutions are joining forces to create Echo Health Ventures, a new investment company focused on investing in companies transforming health care for consumers.

Rob Coppedge has been selected as CEO of the new venture, where he will bring more than 20 years of health care venture funding experience. Most recently, he served as President of Cambia’s strategic investment division.

“By leveraging the strength of Cambia and Mosaic, we are able to bring significant value to our portfolio companies,” Rob Coppedge said in a statement. “Whether they are early stage startups or well established growth companies, Echo will uniquely support getting their innovations to scale faster and more successfully across the multi-trillion dollar health care market.”

The Echo Health Ventures board will include Mark Ganz, President and CEO of Cambia Health Solutions; and Brad Wilson, President and CEO of Blue Cross and Blue Shield of North Carolina.

The company operates nationwide with offices in Durham, N.C., Portland, Ore. and Seattle.