Dorado Systems, a national healthcare EDI platform, has closed a round of equity funding from Spring Lake Equity Partners.
"Dorado is thrilled to be partnering with the team at Spring Lake," said Ed Kennedy, Dorado's CEO. "Aligning with a private equity market leader is a testament to Dorado Systems' continued growth and success, and will allow the business to reach new heights."
This funding round will enable Dorado to drive forward in the healthcare and higher education markets. With Spring Lake's backing, the firm will add resources to support its burgeoning roster of clients, which includes the nation's premier healthcare providers and vendors. Dorado also plans to expand its offerings by developing new products and services.
According to Jeff Williams of Spring Lake, "Dorado is at the forefront of providing transparency and efficiency to the healthcare claims process. We look forward to working with Ed Kennedy and his team to continue to deliver innovative software and connectivity solutions to the market."
Travis Coley and Dale Falcinelli of Spouting Rock Capital Advisors served as the exclusive advisors to Dorado Systems on its partnership with Spring Lake Equity Partners.
