iMedX, a healthcare software and services company, has received a USD13m equity investment from RFE Investment Partners of New Canaan, Connecticut.
iMedX, a healthcare software and services company, has received a USD13m equity investment from 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 60 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 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 chief executive, says: "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.’
"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," adds Michael Foster, managing director at RFE.
