MedVentive revealed the names of two of the investors that took its over-subscribed Series C round to $10 million: Clarion Health Ventures and previous backer Core Capital Partners.
The Waltham, Mass.-based healthcare information technology provider closed the C round in February, according to regulatory filings that, at the time, didn’t name the investors.
But the company announced April 9 that the for-profit investment arm of Indiana’s largest healthcare provider, Clarian Health Partners, ponied up $1 million for the round, along with Core’s $1.75 million stake.
Clarian said its commitment extends beyond the investment, to include MedVentive as a "technology partner" for its physician network. Existing customers for its software-based management system include Beth Israel Deaconess Medical Center and Physicians Organization, Caritas Christi Health Care and Chestnut Health Care Alliance, all Boston-area hospital or healthcare clinic companies.
Other MedVentive backers include HLM Venture Partners, Long River Ventures and the Worcester Venture Fund, all Boston-area funds. Core Capital Partners, a Washington, D.C.-based venture firm, was identified in January as a new investor, buying a $1.75 million stake.
