The strategic investment arm of not for profit MemorialCare Health System and of the Indiana University Health System have helped PerfectServe, a clinical communications company, raise $10.9m.
MemorialCare’s National Healthcare Services and the Indiana University Health System’s CHV Capital were joined in the series C on 2 February by PJC Capital, the private equity unit of US-based bank Piper Jaffray, which led the round and venture firms River Cities Capital Funds, Village Ventures and Spring Mill Venture Partners.
PerfectServe, which was founded in 2010, helps physicians communicate to each other.
Bob Rinek, of PJC Capital, said: "As we move toward accountable health care in this country, communication between clinicians is essential in coordinating care across the continuum," said "There is no other platform in the industry that can meet the need of health systems to standardize their communication processes and provide highly customizable information delivery workflows for physicians."
The company raised a series B round in 2008, according to data provider Chubby Brain.
The company raised $925,000 in 2003, according to this Securities and Exchange Commission filing. It also raised $2.5m in 2002, according to this filing.
The company raised $6m in 2000 in a round led by Chicago-based Healthcare Equity Partners with participation from Banc One Equity Capital, Strategic Ventures and individual investors, according to news provider Business Courier.