Xconomy Boston

iMedX Lands $13,000,000 New Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=09fc6e45-b2af-432a-be9a-e95478c5ad7a&Preview=1
Date
8/11/2009
Company Name
iMedX
Mailing Address
Four Corporate Drive Shelton, CT 06484
Company Description
iMedX, Inc. is a rapidly growing medical software and services company headquartered in Shelton, Connecticut. The Company’s main product is TurboScribe®, a unique combination of medical transcription software and service. With TurboScribe®, physician practices can halve its transcription costs, while greatly improving office productivity and simplifying record-keeping. When using TurboScribe®, the physician dictates a patient note and sends the file over the Internet to iMedX’s transcriptionists.
Website
http://www.imedx.com
Transaction Type
Venture Equity
Transaction Amount
$13,000,000
Transaction Round
Undisclosed
Proceeds Purposes
iMedX will use the proceeds to fund strategic acquisitions, expand its sales and marketing infrastructure and develop new software products.
M&A Terms
Venture Investor
Undisclosed