Tuesday, July 29, 2008

MedeFinance, Inc is the leading healthcare performance analytics company has secured $50 million

What Company Is Offering:
Mede is transforming healthcare by achieving advanced outcomes for its clients through a unique combination of performance intelligence solutions and deep healthcare expertise. Mede provides a full suite of customizable solutions for advanced financial, operational and clinical performance. These analytics solutions are delivered through Mede’s Web-hosted analytics platform and are enhanced by healthcare-specific client teams to ensure speed to sustainable value.

How Much They Got From VCs:

MedeFinance, Inc. (Mede), the leading healthcare performance analytics company, today announced that it has secured $50 million in funding led by Bain Capital Ventures with additional reinvestment from certain of the company’s existing investors. The purchasers acquired a minority position in the company. This venture funding round was based on the company’s strong track record of revenue growth, expansion of its solutions portfolio and significant set of future opportunities.

Mede plans to use the financing proceeds to fund new growth initiatives and acquisition opportunities. The company also used a portion of the proceeds to complete a stock repurchase from certain existing investors.

More at:www.medefinance.com

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