Web-based healthcare analytics company MedeFinance Inc. has picked up $50 million in a new
round
led by Bain Capital Ventures, which includes some of the company's unnamed previous
investors, giving Bain a minority interest and allowing for growth
capital to support internal expansion and acquisition opportunities.
An undisclosed amount of the money will go to cash out early investors
in the Emeryville, Calif.-based startup, but MedeFinance is hoping to
put the rest of the money to work to expand technology for helping
healthcare companies boost automated business decision-making with a
suite of financial, operational and clinical performance analytics
products and services. MedeFinance's hosted products are currently used
by more than 700 healthcare organizations in the U.S. and U.K., according to the company. -
Clifford Carlsen
See July 29 press release from MedeFinance Inc.
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