Venture capital firm Chrysalis Ventures LP has led a $10 million round of venture funding for a Pittsburgh-based provider of diagnostic imaging services to hospitals and other health care providers.
It was the initial round of venture funding for Foundation Radiology Group, which was established in late 2006.
The company provides on-site radiology and teleradiology services. Its radiologists provide readings in musculoskeletal radiology, neuroradiology, mammography, cardiac CT, interventional radiology, pediatric radiology, brain perfusion, vascular ultrasound, OB/GYN ultrasounds and general radiology.
Foundation Radiology Group targets its services toward small hospitals and health care providers that cannot afford staff radiologists, according to a news release.
“By merging the ubiquity of broadband technology with expertly staffed regional reading facilities, (Foundation Radiology Group) is able to offer hospitals and other institutions superior quality and service at a much lower cost,” Chrysalis managing director Koleman Karleski said in a news release. “The company is a great fit for our growing portfolio of health care information and services companies.”
Health Evolution Partners LLC, a manager of health care investment funds and a limited partner in Chrysalis, invested in Foundation Radiology Group through the Health Evolution Partners Innovation Network.
Karleski and Roy Ziegler, president of the Health Evolution Partners Innovation Network, will serve on the Foundation Radiology Group board of directors.
Louisville-based Chrysalis Ventures provides equity capital for growth companies in the Midwest and South. It invests primarily in early-stage and expansion-stage companies in the health care services, technology, media and communications, and emerging trends and technologies sectors.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment