Procured Health, a US-based producer of technology to make healthcare more efficient, secured $10m yesterday in a round co-led by care provider Hospital Corporation of America (HCA).
HCA co-led the round with venture capital firm Heritage Group, investing through its corporate venturing subsidiary, Health Insight Capital.
Procured’s software helps healthcare providers save money at the clinical stage of the care process, particularly with regard to sourcing clinical supplies.
Ravi S. Chari, senior vice president of clinical excellence for HCA, said: “For HCA, Procured offers much more than a promising concept. Our investment is an expansion of the strong relationship that we have developed by working with their product and team for the last 18 months.
“The company’s IntelligencePro and EvaluationPro solutions have a proven track record of success within our organisation and have added a new dimension to our supply chain clinical value analysis process.”
Procured raised $1.1m from Silicon Badia, Zimmerman Ventures, Bessemer Venture Partners, Fidelity Biosciences and assorted angel investors in 2012 before closing a $4m round led by FCA Venture Partners, the venture capital manager of investment firm Clayton Associates, in early 2014.