The American Medical Association invested $27.2 million in Health2047, a Menlo Park, Calif.-based innovation enterprise focused on developing technologies that support value-based care, data liquidity, chronic care and physician productivity.

The AMA is a founding partner of Health2047, and this is its second investment in the tech enterprise. Back in 2016, the AMA doled out $15 million to Health2047, according to the Chicago Tribune.

The news of the investment comes alongside the appointment of new CEO Lawrence Cohen, CFO Gary Cookhorn and three managing directors.