$3.5M Tranche for HealthEdge Software
Wade Roush7/21/09
[Updated and corrected, 3:15 p.m., July 21, 2009] Regulatory documents filed with the Securities and Exchange Commission yesterday indicate that HealthEdge Software of Burlington, MA, has collected $3.5 million in venture financing. Ray Desrochers, HealthEdge’s chief operating officer, said the funds represent the third tranche of a $13 million venture round announced last year from the company’s sole funder, New York-based Psilos Group. The company, which was established in 2004 with $100 million in intellectual property from defunct healthcare software provider deNovis, makes claims and benefits administration software for health insurers.
Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.
