With $10 million raised in a private placement for an R&D center and other projects, the developer of remote consultation and diagnosis technologies for physicians is ready to go public. Yet with its right-on business model, the company was already well-positioned for the move.
May 11, 2010
InTouch Health, a developer of technologies that enable physicians to remotely perform real-time consults and diagnosis with hospital patients, recently raised $10 million in a private placement. $6 million of the funding came through Beringea, Michigan’s largest venture capital firm, through its InvestMichigan! Growth Capitol Fund, and will be used to open an R&D center in Michigan, as well as further fuel the company’s product development, sales, and marketing efforts. The remainder of the round was led by Galen Partners, and included returning investors InvestCare…
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