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Boca Raton-based Modernizing Medicine in top 10 venture deals in nation


Modernizing Medicine’s landing of $231 million in venture capital in May was among the top 10 deals in the country in the second quarter, according to the MoneyTree Report released this week.

The Boca Raton company’s venture capital raise swelled Florida’s numbers for the quarter to $291.1 million invested in 16 deals. That compares with $85.7 million in 25 deals in the second quarter last year, according to the report.

Modernizing Medicine previously announced the investment, which is from the New York-based private equity firm Warburg Pincus. The fast-growing company has developed an electronic medical records and data business.

The new investment “means continued growth — more hiring and increasing the innovation in specialties today,” said Dan Cane, co-founder and CEO. The company already has raised $87 million.

Source: Sun Sentinel
By: Marcia Heroux Pounds on in News