Navigation Links
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 delivery. We feel these solutions are key to future healthcare reform, and poised for growth over the next few years,” said Michael Andzel of Morgenthau Venture Partners, LLC.

“We are excited about this opportunity not only for Consult A Doctor’s industry leadership and growth strategy but also as this is the second time we have co-invested with Morgenthau,” said Rhys Williams, President of the New World Angels. “It brought together sophisticated international technology investors, a well-known venture capital firm, and New World Angels, a group of over 40 highly skilled entrepreneurs from across the country who decided to live and invest in the South Florida area.”

The transaction was assisted by the law firms of Edwards, Angell, Palmer and Dodge, West Palm Beach, FL, Cary, Rodriguez, Greenberg and Paul, LLC, Miami, FL, and Groundwork Equity, Management Consultants, Los Angeles, CA and CP Capital Securities, Miami, FL.

About Consult A Doctor 24/7

Consult A Doctor partners with health plans, self-insured groups, TPA, brokers and various other groups to offer convenient 24/7 access to physicians for phone and secure email medical consultations. Its proprietary nationwide on-demand cross-coverage network of U.S. licensed primary care physicians and specialists provide specific answers to medical questions and advice regarding non-emergency, routine medical conditions. All Consult A Doctor physicians are carefully screened, credentialed and have malpractice coverage insurance. They use numerous healthcare technologies such as decision support systems, PDR’s, EMR’s and e-prescribing technologies to discuss symptoms, recommend treatment options, diagnose many minor conditions, and prescribe medication when appropriate. Consult A Doctor’s Consumer-Driven Telemedicine service reduces healthcare cost for all payers by providing members with more convenient and more efficient access to medically equivalent care in a lower-cost setting. Consult A Doctor services are proven to considerably reduce unnecessary doctor, ER and urgent care visits while reducing sick leave absenteeism and presenteesim.

For more information about Consult A Doctor – please call 888-688-DOCTOR (3628) or visit http://www.consultadoctor.com

###

Read the full story at http://www.prweb.com/releases/2010/02/prweb3608164.htm.


'/>"/>
Source: PRWeb
Copyright©2010 Vocus, Inc.
All rights reserved

Related medicine news :

1. Tata Consultancy Services to Support Roches Global Capacity Building Initiative
2. Biomoda, Inc. and Quintiles Announce Agreement for Regulatory Consulting
3. Assisted Suicide Proponents Seek to Expand With New 1-800 Suicide Consultations
4. Healthcare Veteran Richard Findlay Joins Diamond Management & Technology Consultants as Partner
5. International Consulting Firm Health Fitness Dynamics Hired to Oversee Springbrook Inns Planned New Spa
6. InfoLogix Acquires Healthcare Informatics Associates Inc. (HIA); Adds Premier Healthcare Consulting Firm and Systems Integrator
7. Ground Zero Pharmaceuticals Announces Expansion of Regulatory Consulting Services to South Africa
8. Buck Consultants Reports Wellness Programs Are Truly Global; Objectives Vary by Region
9. Pharsight Expands Global Consulting Services Teams
10. An Industry First: New Cooper Health Company Makes Group Employee Benefits Consulting and Wellness Program Design a Package Deal
11. CSC Agrees to Acquire First Consulting Group
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/25/2016)... ... June 25, 2016 , ... "With 30 hand-drawn hand gesture ... said Christina Austin - CEO of Pixel Film Studios. , ProHand Cartoon’s package ... Final Cut Pro X . Simply select a ProHand generator and drag it ...
(Date:6/25/2016)... ... June 25, 2016 , ... Conventional wisdom preaches the ... In terms of the latter, setting the bar too high can result in disappointment, ... just slow progress toward their goal. , Research from PsychTests.com reveals ...
(Date:6/24/2016)... , ... June 24, 2016 , ... ... and Scientific Sessions in Dallas that it will receive two significant new grants ... grants came as PHA marked its 25th anniversary by recognizing patients, medical professionals ...
(Date:6/24/2016)... ... ... People across the U.S. are sharpening their pencils and honing their writing ... which patients and their families pay tribute to a genetic counselor by nominating him ... Genetic Counselors (NSGC) Annual Education Conference (AEC) this September. , In April, Genome ...
(Date:6/24/2016)... ... 2016 , ... National recruitment firm Slone Partners is pleased to ... genomics experience, as Vice President of North American Capital Sales at HTG Molecular ... the sales team in the commercialization of the HTG EdgeSeq system and associated reagents ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... Research and Markets has announced the ... to 2022" report to their offering. ... patients with kidney failure, it replaces the function of kidneys ... blood and thus the treatment helps to keep the patient ... Increasing number of ESRD patients & substantial ...
(Date:6/23/2016)... DUBLIN , June 23, 2016 ... "Global MEMS Devices Medical Market Analysis 2016 - Forecast to ... The report contains up to date financial ... reliable analysis. Assessment of major trends with potential impact on ... dive analysis of market segmentation which comprises of sub markets, ...
(Date:6/23/2016)... RIDGE, Ill. and INDIANAPOLIS ... of students receiving a Lilly Diabetes Tomorrow,s Leaders Scholarship ... The 2016 scholarship winners, announced today online at ... to let type 1 diabetes stand in the way ... Diabetes has supported the Foundation,s scholarship program since 2012, ...
Breaking Medicine Technology: