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:6/25/2016)... , ... June 25, 2016 , ... "With 30 hand-drawn ... specific project," said Christina Austin - CEO of Pixel Film Studios. , ProHand ... all within Final Cut Pro X . Simply select a ProHand generator and ...
(Date:6/25/2016)... Montreal, Canada (PRWEB) , ... June 25, 2016 , ... ... the pursuit of success. In terms of the latter, setting the bar too high ... low, risk more than just slow progress toward their goal. , Research from ...
(Date:6/24/2016)... Texas (PRWEB) , ... June 24, 2016 , ... ... International Conference and Scientific Sessions in Dallas that it will receive two significant ... of the grants came as PHA marked its 25th anniversary by recognizing patients, ...
(Date:6/24/2016)... , ... June 24, 2016 , ... People across the ... Genome magazine’s Code Talker Award, an essay contest in which patients and their families ... to be presented at the 2016 National Society of Genetic Counselors (NSGC) Annual Education ...
(Date:6/24/2016)... ... ... National recruitment firm Slone Partners is pleased to announce the ... as Vice President of North American Capital Sales at HTG Molecular . ... team in the commercialization of the HTG EdgeSeq system and associated reagents in North ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... 24, 2016   Bay Area Lyme Foundation ... Dean Center for Tick Borne Illness , Harvard ... MIT Hacking Medicine, University of California, Berkeley, and ... the five finalists of Lyme Innovation , ... than 100 scientists, clinicians, researchers, entrepreneurs, and investors ...
(Date:6/24/2016)... SAN CLEMENTE, Calif. , June 24, 2016  American Respiratory ... testing company, is now able to perform sophisticated lung assessments in ... Medical Technologies , Inc. Patients are no longer ... to ndd,s EasyOne PRO ® , ARL patients like Jeanne R. ... testing done in the comfort of her own home. ...
(Date:6/24/2016)... , June 24, 2016  Arkis BioSciences, ... less invasive and more durable cerebrospinal fluid treatments, ... funding.  The Series-A funding is led by Innova ... Fund, and other private investors.  Arkis, new financing ... instrumentation and the market release of its in-licensed ...
Breaking Medicine Technology: