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Consult A Doctor Closes $5 Million VC Round
Date:2/16/2010

Consult A Doctor 24/7, a leading provider of consumer driven telemedicine solutions announced that it closed a $5 million Series A round financing.

MIAMI, FL (PRWEB) February 16, 2010 -- Consult A Doctor 24/7, a leading provider of consumer driven telemedicine solutions that drive down healthcare costs, announced that it closed a $5 million Series A round financing. Consult A Doctor’s financing was led by Morgenthau Venture Partners, and joined by New World Angels and Promociones Bursa, an international consortium of investors in healthcare and technology.

"This financing provides working capital to accelerate the adoption and utilization of our consumer directed telemedicine services and to expand additional cost cutting services such as Consult A Specialist, Labs and a flu program to name a few,” said Wolf Shlagman, Founder and Chief Executive Officer of Consult A Doctor. Shlagman goes on to say “Consult A Doctor’s health care solutions accelerate the transformation to a consumer-driven healthcare revolution that lowers costs while providing greater access to affordable, quality health care - giving more choice, more control and more savings to everyone.”

“We recognize that the completion of this financing represents support for both our business model and the overwhelming demand for lower-cost healthcare services and delivery in the United States and worldwide. Consult A Doctor looks forward to continuing to execute on that strategy and achieving several well-defined milestones in 2010.”

“Numerous research studies in the last 12-24 months indicate that consumer driven telemedicine solutions such as those provided by Consult A Doctor, can considerably drive down costs of healthcare access and
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