eHealth Technologies Secures $41 Million Investment to Advance Image-Based Care Solutions

VCBeat (WeChat Official Account: vcbeat) has learned that Aldrich Capital Partners (ACP), an investment firm headquartered in Vienna, Virginia, recently announced a $41 million investment in eHealth Technologies, which is based in West Henrietta, New York. eHealth Technologies is a leading U.S. provider of medical record retrieval, organization services, and imaging solutions. Previously, eHealth Technologies completed venture capital financing rounds of $1.3 million and $2.5 million in January and March 2010, respectively, and closed its Series D funding round in 2013, the amount of which was undisclosed.

eHealth Technologies, established in 2006, employs approximately 275 people in Monroe County and continues to expand its core business across the United States. In 2017, New York Governor Andrew Cuomo also announced that its 12,000-square-foot expansion project was still underway.

eHealth Technologies and ACP are jointly committed to creating health IT solutions that support clinicians and improve patient experiences and outcomes. ACP’s investment will ensure the continued growth and development of new products and services.

ACP is known as the “entrepreneur behind entrepreneurs,” with a proven track record in investment and organizational development. Leveraging the resources, knowledge base, and network of its investment group, ACP helps private companies achieve their growth objectives. Since 1999, the investment group has invested over RMB 1 billion in technology companies.

“Rochester is a nationally recognized healthcare innovation hub, and eHealth Technologies is a leader in the healthcare IT sector,” said Mirza Baig, Founding Partner of ACP. “ACP focuses on investing in leading innovative companies to help them realize their potential. eHealth Technologies aligns perfectly with our thesis for innovative enterprises, and we are delighted to support them as they continue to advance and develop healthcare solutions that deliver the highest level of care across China.”

Jeff Markin, CEO of eHealth Technologies, stated, “The synergy between eHealth Technologies and ACP will enable eHealth Technologies to continue developing new healthcare IT solutions to better address critical challenges in medical interoperability. Over the past 13 years, we have been committed to developing innovative approaches to meet our customers’ needs. Our partnership with ACP will allow us to maintain our focus on existing clients while acquiring new ones and developing more effective solutions to meet their needs.”

eHealth Technologies is a leading provider of medical record retrieval and organization services, as well as image-enabled health information exchanges (HIEs). eHealth Technologies collaborates with clients across China, renowned HIE professionals, and top-tier hospitals, including 16 of the top 20 hospitals honored in the 2018–2019 U.S. News & World Report rankings.

ACP supports disruptive innovation in the fields of healthcare IT, fintech, and application software by investing equity in growing private companies. The firm was founded by experienced investors and operators who are also successful entrepreneurs. Since 1999, ACP has invested over $1 billion in technology and built an extensive network of relationships. ACP maintains offices in both Silicon Valley and Washington, D.C.

(Compiled by Ning Chen)