Etransmedia Technology, Inc., a Troy, NY-based information technology company that provides software and services to the healthcare industry, received an investment of undisclosed amount.
Backers included existing investors Praesidian Capital and Kemper Insurance.
The investment aims to support Etransmedia’s merger with DoctorsXL, which provides outsourced services, contract negotiations, technology management and practice management for medical practices in 10 states. Founded in 2008 in Reno, NV, DoctorsXL provides Revenue Cycle Management (RCM) and practice management services.
The purchase will further expand Etransmedia’s geographic presence and provide cross-selling opportunities for its software solutions.
Led by Chairman and Co-Founder Vikash Agrawal, Etransmedia delivers a comprehensive package of services and software solutions that automate processes, maximize cash flow and enable seamless communication to create a connected healthcare environment.
With more than 400 employees, the company operates nationally and reaches more than 12,000 providers and 40,000 users.
FinSMEs
09/01/2015