MedShare announces closing of second round of financing
Firm raises $1.8 Million, plans to rapidly expand its team and aggressively target the U.S.
(Waterloo, April 10, 2007) - Funding proceeds will be used to further develop its mobile electronic health record offerings for home care agencies, for U.S. expansion and for general working capital.
“Medshare has a very well thought out business model and has demonstrated innovation and execution abilities which are key success factors for any firm in which we invest,” said Al Foerster, investor spokesperson. “Our group will add value in both access to capital as well as providing assistance based on our many years of entrepreneurial success. We hope to be here to assist Medshare for years to come.”
“Medshare has made incredible progress in the past 12 months and I am very proud of my team as their dedication to deliver on the vision is what has allowed us to attract this round of investment.” said J.Paul Haynes, CEO of Medshare. He added, “We plan to add many positions across the board starting in May, including development, professional service, sales and marketing.”
About MedShare
MedShare is an award winning provider of information and communication technologies to the North American home health care sector, which is the fastest growing segment of the overall health care marketplace. Located in Canada’s Technology Triangle, Medshare delivers electronic health record and agency management solutions to meet the clinical and administrative needs of home health care workers.
For more information, visit www.medshare.com. Or contact:
J.Paul Haynes, CEO, MedShare
519-821-1800 x250 or jpaul.haynes@medshare.com
