Aldrich Capital Partners Invests $41M in eHealth Technologies

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Aldrich Capital Partners (ACP) today announced it has invested $41 million in eHealth Technologies, a provider of medical record retrieval and organization services and image-enabled health information exchanges, according to an announcement.

The investment is aimed at helping with the growth and development of new products and services that could impact eHealth Technologies and the markets it serves.

“The partnership we formed with ACP will enable us to accelerate our growth through access to broader segments of the healthcare ecosystem,” Jeff Markin, CEO of eHealth Technologies said during a press conference this morning.

Markin told Inside Digital Health™ that the partnership should help eHealth Technologies expand in terms of accessing parts of the market that the company has had difficulty penetrating in the past.

Currently, eHealth Technologies is focused on transplants, surgery and cancer, but large health systems have recognized the need for eHealth’s solutions to be across all types of specialties, Mirza Baig, founding partner of ACP — a growth equity company — told us.

Baig said that ACP invests in expanding health information technology companies, and that ACP believes in eHealth’s product, service and team.

“Unfortunately, our healthcare system is broken, and we need innovative solutions that can fix (it),” said Baig during the press conference. “And eHealth plays an integral part in reducing that friction in a person’s life, for a health system, for the larger economy, for the state and for the nation.”

Markin claims that eHealth’s solution could decrease physician burnout and increase patient satisfaction by helping the physician access the most important information in a patient’s medical record. He also said that if a physician can get the prominent information more quickly, it could reduce patient wait times.

And will 80 percent of investments to technology go to Silicon Valley, Boston and New York City, Baig told us that there are great tech and healthcare hubs all over the country that should be invested in too. So, the investment to the West Henrietta, N.Y.-based company could create more opportunities for the Rochester, N.Y area and the surrounding universities.

“Partnering with ACP will allow us to continue focusing on both current and new customers and developing more effective and efficient solutions to meet their needs,” said Markin.

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