Carefx Corp. Completes $7.2 Million Financing.Business Editors/Health/Medical Writers MESA, Ariz.--(BUSINESS WIRE)--July 11, 2003 Carefx, a leading provider of CCOW CCOW Clinical Context Object Workgroup CCOW Channel Control Order Wire CCOW Control Channel Order Wire CCOW Contributing to Coalition Operations Worldwide CCOW Computer Care on Wheels (Brantford, Ontario, Canada) compliant visual integration and context management technology that enables desktop integration of clinical data from hospitals' disparate information technology applications and databases, today announced the completion of a $7.2 million equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. by CB Health Ventures, Grayhawk Venture Partners, Highway12 Ventures, Solstice solstice (sŏl`stĭs) [Lat.,=sun stands still], in astronomy, either of the two points on the ecliptic that lie midway between the equinoxes (separated from them by an angular distance of 90°). Capital, Village Ventures and members of Carefx's management team. This financing will allow Carefx to aggressively pursue the deployment of its clinician-centered, Fusion product suite of visual integration and workflow solutions. Bob Schulz Robert L. Schulz, a political activist living in Queensbury, New York, is the founder of the We the People Foundation for Constitutional Education, a non-profit education and research organization with the declared mission "to protect and defend individual Rights as guaranteed by , general partner of CB Health Ventures, stated, "Carefx has done an outstanding job executing its strategy for entering the clinical visual integration market. Its seasoned management team, referenceable vendor partners and installed customer base, excellent product architecture, and market timing make this a very exciting strategic investment." "Carefx's success in attracting large integrated healthcare delivery systems and multi-national healthcare information technology vendor partners reflects the quality, adaptability, cost effectiveness and relevance of our Fusion product suite. This round of financing supports our quest to provide tools for improving clinician clinician /cli·ni·cian/ (kli-nish´in) an expert clinical physician and teacher. cli·ni·cian n. workflows and patient safety while reducing overall costs," said Terrence Macaleer, Carefx's chief executive officer. About Carefx Carefx Corp. (www.carefx.com) is an Arizona-based technology and infrastructure supplier providing clinically oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. , enterprise-scale, Web-based context management and desktop integration toolsets to healthcare organizations. The Carefx Fusion product suite includes a fully CCOW compliant Context Manager, HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, log and Desktop for visual integration and offers its customers: -- preservation of investments in existing information system infrastructures -- support for patient safety and HIPAA initiatives -- improved communication and workflow processes for physicians and other care providers For more information about Carefx or this press release, please contact Oscar Diaz at 480-833-5010, ext. 412 or at odiaz@carefx.com. |
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