Healthcare technology private equity fund invests in eHealth pioneer and market leader.
Birmingham, AL (PRWEB) April 4, 2008 -- MEDSEEK, a leading provider of enterprise portal management solutions designed to transform the customer experience, announced today that Eastside Partners, a private equity fund that targets fast growing companies in the healthcare, financial, and information technology sectors, led a $6 million dollar investment in MEDSEEK.
The increasing need for easy "anytime anywhere" access to clinical data for physicians, patients, consumers and employees is rapidly accelerating the demand for enterprise scale portal technology. MEDSEEK is meeting this demand by providing hospitals and IDNs an enterprise-wide solution that allows for the creation of highly interactive and transactional portals that become the virtual front door to the facility. By allowing consumers, patients, physicians and employees remote access to information within the facility via the portal, MEDSEEK allows the hospital to differentiate themselves in their market by greatly improving the overall customer experience.
"This is a substantial and growing problem as educated consumers are taking an active interest in their healthcare choices. MEDSEEK has been and continues to be a pioneer in eHealth enterprise portals and services. We were impressed with MEDSEEK's proven track record of over 10 years of growth with very little outside capital. The ability to take a capital efficient company and pursue additional growth initiatives was compelling," said Emerson Fann, Managing Director of Eastside Partners. "The company has an outstanding management team with significant healthcare domain expertise and a track record of profitable growth."
"We're delighted to have such insightful investors join the MEDSEEK team. Eastside Partners, with its deep healthcare domain expertise, has a well-established track record of helping healthcare companies get to the next level," said Peter Kuhn, MEDSEEK's president. "This financing validates our success and leadership position in eHealth. With these funds we will continue to invest in R&D, product development programs, general operations and client support" said Kuhn.
About MEDSEEK
Birmingham, Ala.-based MEDSEEK provides healthcare organizations with enterprise eHealth solutions to fully engage and strengthen relationships with key constituents - physicians, patients, employees, and consumers. By connecting information and communities to foster an enhanced experience with the organization, hospitals will improve community advocacy, revenue and patient throughput, and clinical decision making. MEDSEEK's comprehensive technology platform and strategic consulting services create the infrastructure and provide the thought leadership for hospitals to deliver the most powerful portal solutions. With more than ten years' experience and 600+ hospital customers, MEDSEEK has the experience and expertise to meet the diverse needs of the healthcare community. MEDSEEK also maintains offices in California and Mississippi. For more information, visit www.medseek.com or call 888-MEDSEEK.
About Eastside Partners
Huntsville, Ala - based Eastside Partners is a private equity fund that targets fast growing companies in the financial services, healthcare and information technology sectors. We invest in companies that have demonstrated market acceptance and seek additional capital to accelerate growth.
To a portfolio company, an investment from Eastside Partners means more than obtaining growth capital. Our investment team has substantial experience assisting companies with executive recruiting, sales and marketing, operational support and strategic planning. We seek investments where we can apply our management talent and industry relationships to accelerate growth and help achieve the strategic objectives set by our portfolio companies.
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