Xconomy Boston

HealthEdge Software Inc. Receives $13,000,000 New Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6f42c885-9636-4b94-a8ee-66c89e4ff0d1&Preview=1
Date
4/22/2008
Company Name
HealthEdge Software Inc.
Mailing Address
10 Burlington Mall Road Burlington, MA 01803
Company Description
HealthEdge provides health plans, TPAs, PPOs, and insurers of all sizes with unique software applications to position them for success. With patent-pending, next-generation technology, HealthEdge enables payor organizations to pursue innovative, new strategies to grow revenue, decrease costs and improve the quality of healthcare.
Website
http://www.healthedge.com
Transaction Type
Venture Equity
Transaction Amount
$13,000,000
Transaction Round
Undisclosed
Proceeds Purposes
HealthEdge will use the funds to increase the size of its business and to continue to invest in advanced product capabilities.
M&A Terms
Venture Investor
Psilos Group