Web-based image management provider eMed Technologies has announced that it has received significant investments by CSFB Private Equity and Schroder Ventures International Life Sciences Fund. Shareholders of the Lexington, MA-based firms have approved the issuance of up to $22 million in additional equity in connection with the investments.
In addition to the new capital provided by CSFB and Schroder, existing investors, such as Bedrock Capital Partners, Bessemer Venture Partners, and Pacific Venture Group, also participated in the new investment.
For eMed, the new financing will provide the firm with capital to grow, according to CEO Caren Mason. eMed has twice been close to a public stock offering over the last few years, but pulled the IPO both times, citing market conditions.
eMed also announced that since its release, the company’s Web services product has been implemented by practices representing over 180 radiologists serving 5,000 referring physicians and ordering in excess of 1.5 million imaging exams, according to the firm.
By AuntMinnie.com staff writersOctober 12, 2000
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eMed lands data distribution deals, May 31, 2000
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