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VC investments MedCurrent

Published on March 7th, 2013 | by Ted Liu

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MedCurrent secures new financing from BDC Venture Capital

MedCurrent Corporation, a provider of Medical Appropriateness Decision Support technologies with a focus on radiology, has closed a new round of financing, raising $ (Premium contents. Be first to know: Subscribe) million from BDC Venture Capital.

MedCurrent is backed MaRs managed The Investment Accelerator Fund (IAF) and private investors.

MedCurrent’s OrderRight™ allows physicians to order the right radiology procedure for their patients the first time, every time. With the added capability to obtain all required pre-authorizations from participating insurance providers, OrderRight provides a greatly improved radiology workflow allowing fast, accurate and timely radiology procedures.

MedCurrent was founded by Dr. Stephen Herman in 2003. Dr. Herman’s former company, Interpra Medical Imaging Network Ltd., a developer of Java-based clinical workflow and information management software, was acquire by Merge (NASDAQ: MRGE) in 1999.

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About the Author

Ted is an editor of CanadianPrivateEquity.com and Research Director for CVCA - Canada's Venture Capital and Private Equity Association. Ted has been following Canadian venture capital and private equity industry since 1993.



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