Navigation Links
iMedX Announces Investment of $13M From RFE Investment Partners
Date:8/11/2009

SHELTON, Conn., Aug. 11 /PRNewswire/ -- iMedX Inc., a leading healthcare software and services company, announced a recent $13 million equity investment by RFE Investment Partners of New Canaan, Connecticut. iMedX will use the proceeds to fund strategic acquisitions, expand its sales and marketing infrastructure and develop new software products.

Based in Connecticut with offices in Ohio and Florida, iMedX currently serves over sixty health systems, over 500 clinics, and several state governments, providing medical documentation services and software over the Internet.

Concurrent with RFE's investment, iMedX acquired Medware, a leading provider of medical transcription services to hospital systems throughout the US. In addition, the Company is actively pursuing several additional acquisition opportunities.

Venkat Sharma, iMedX's President and CEO stated, "We are delighted to partner with RFE. As a premier private equity firm with a thirty-year history of success, we are honored by RFE's vote of confidence in our business plan and leadership. With these funds and RFE's support, we will be able to execute on our plan to be the premier provider of leading-edge Internet-based technology and services to the medical industry," said Mr. Sharma. "RFE's investment will help us increase market share and cross-sell our proprietary Internet-based products into the acquired customer base."

"We are excited about partnering with the iMedX management team during this period of growth and providing our experience and resources to assist them in enhancing the company's position as a strong, well-respected market leader," added Michael Foster, Managing Director at RFE.

About iMedX

iMedX is a leading US-based outsource provider of healthcare software and services to hospitals and medical practices throughout the U.S. iMedX's innovative Internet-based transcription delivery platform, TurboScribe(R) is used by thousands of providers across the United States. High quality transcription services are provided through delivery centers in the U.S. and India. iMedX's new TurboRecord(R) electronic medical record service and an e-Prescription platform TurboRx(R) allows doctors to comply with HIPAA guidelines and minimize costs. iMedX is headquartered in Shelton, Connecticut. For more information please visit www.imedx.com.

About RFE

RFE Investment Partners, based in New Canaan, Connecticut, is a private equity investment firm with thirty years of small buyout experience. RFE is actively investing its seventh fund, which continues to target control investments in business service, niche manufacturing and health care service companies. For more information, visit RFE's website at www.rfeip.com.

iMedX was assisted in this transaction by Connecticut Equity Partners (www.ctequitypartners.com)


'/>"/>
SOURCE iMedX Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. MiMedx Group, Inc. Adds Parker H. Pete Petit as Chairman of the Board of Directors, President, and Chief Executive Officer
2. iMedX Announces Acquisition of Medware Inc.
3. HHS Announces $75 Million in Supplemental Funding to States for Pandemic Flu Preparedness
4. CRC Health Group Announces Acquisition of Bayside Marin Recovery Center, San Rafael
5. UHW Announces: Antelope Valley Hospital Caregivers and Board Vote to Ratify First Union Contract With SEIU UHW-West
6. HEI, Inc. Announces Sale of RFID Division Assets
7. Caraco Pharmaceutical Laboratories, Ltd. Announces FDA Approval to Market Generic Version of Zyloprim(R)
8. Mettler-Toledo International Inc. Announces Webcast of Presentation at Thomas Weisel Partners 2007 Healthcare Conference
9. Z Trim Announces Revocation of Gregory Halpern Severence Agreement
10. Brooke Franchise Corporation Announces Selected July Results
11. Manor Care, Inc. Announces Record Date for Special Stockholder Meeting
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/5/2016)... ... December 05, 2016 , ... ... Rejuvenation" at the 2016 Anti-Aging & Beauty Awards at The Aesthetic & ... & Anti-aging Medicine European Congress (AMEC) brings together the industry’s leading scientific ...
(Date:12/4/2016)... ... December 02, 2016 , ... Metabolic Code (MC) ... nutraceuticals and help doctors more efficiently manage their practice. Power2Practice is adding ... platform for Integrative and Functional Medicine. , The Metabolic Code platform provides ...
(Date:12/4/2016)... ... 2016 , ... While James Earl Jones is known for myriad roles on ... called "Front Page". One of the forthcoming episodes examines mammogram techniques; a very important ... large part due to early detection. Like any other disease, treatments have a much ...
(Date:12/4/2016)... Viejo, California (PRWEB) , ... December 04, 2016 ... ... lower third presets that have new attractive animation styles with unique displacement design ... Displace features 30 pre-animated lower third designs. Choose from a variety of design ...
(Date:12/4/2016)... (PRWEB) , ... December 04, 2016 , ... Responsible dental ... One must brush properly to achieve optimal results. This important necessity inspired an inventor ... need for a way to ensure that people break or avoid bad techniques of ...
Breaking Medicine News(10 mins):
(Date:12/5/2016)...  Wellbridge Health and Gateway Health proudly announce a dynamic ... and Medicaid plan members with specific high risk needs. ... of this group of consumers, Wellbridge combines technology and population ... insight into members, daily behaviors and lifestyle. ... , , ...
(Date:12/5/2016)... , Dec. 5, 2016  New research ... ) Research Institute and the U.S. Department of ... Secretary for Preparedness and Response (ASPR), published online ... that automated pharmacy notifications encourage patients with chronic ... natural disaster. The study also affirms that public-private ...
(Date:12/5/2016)... VEGAS , Dec. 5, 2016  BD (Becton, ... leading global medical technology company, will demonstrate an enhanced ... medication management technologies, including the company,s leading Pyxis™ and ... Health-System Pharmacists (ASHP) 2016 Midyear Meeting being held ... 4-8. While national data show that approximately ...
Breaking Medicine Technology: