Medrium Inc., a provider of Web-based practice management software for physicians, has acquired Wilmington Professional Associates Inc., a Delaware-based medical billing company. No financial terms were disclosed. Medrium recently raised $10.46 million in Series C funding from NGN Capital, Delta Opportunity Fund, Mosaix Ventures, Overbrook Fund, SIF Investment and Ticonderoga Capital. It also secured $12.5 million in venture debt from Orix Venture Finance.
3 min read · 24 October 2008
1 min read · 24 October 2008
Phenomix Corp. has signed a collaboration deal with Forest Laboratories Inc. (NYSE: FRX), to develop and commercialize dutogliptin, Phenomix’ orally-administered DPP-4 inhibitor that is currently undergoing Phase 3 clinical trials in Type 2 diabetes mellitus. The entire deal could be worth $340 million for Phenomix, including a $75 million up-front cash payment. San Diego-based Phenomix earlier this week canceled an IPO, and has raised around $125 million in total VC funding since its 2001 founding, from firms like JPMorgan Partners (18% pre-IPO stake), Nomura Phase4 Ventures (15.8%), Delphi Ventures (11.1%), Alta Partners (9.8%), Sofinnova Ventures (9.8%), Novartis BioVenture Fund (9.1%), Baker Brothers (7.6%), Bay City Capital (6.5%), CMEA Ventures (5.8%) and GBS Venture Partners.
5 min read · 24 October 2008
1 min read · 24 October 2008
1 min read · 23 October 2008
One-Day University, an educational event planning company, has raised an undisclosed amount of growth equity from the CMS Small-Cap Private Equity Fund.
2 min read · 23 October 2008
3 min read · 23 October 2008
Health Care Service Corp., operator of Blue Cross and Blue Shield plans in Illinois, New Mexico, Oklahoma and Texas, has agreed to acquire TMG Health, a King of Prussia, Pa.-based provider of business process outsourcing for Medicare, Medicaid and group retiree health plans. No financial terms were disclosed. TMG Health had raised over $4 million in VC funding from NewSpring Capital and SCP Private Equity Partners.
2 min read · 23 October 2008
IncentOne, a Lyndhurst, N.J.-based provider of incentive solutions in the healthcare and green energy spaces, has raised an undisclosed amount of equity funding from Camden Partners.
2 min read · 23 October 2008
1 min read · 23 October 2008
