Mar 22, 2016
BioGenerator, an evergreen investor that creates, grows and invests in promising companies and entrepreneurs, has made an investment into MedAware Solutions, Inc.
MedAware offers a comprehensive solution for empowering care teams, patients and family to overcome the inherent challenges of care coordination which is estimated to cost our health system $240B today. The company focuses on transforming the healthcare communication experience across settings of care in a rapidly growing marketplace. Based upon a platform for the most elite Special Operations Teams, MedAware’s solution instantly turns any smart phone or tablet into a Unified Healthcare Collaboration Tool empowering a breadth of capability including asynchronous messaging, live teleHealth and automated guidance. Its customers are excited by the opportunity to extend care providers, lower avoidable readmissions, manage chronic disease, enhance population health and engage healthcare consumers.
“MedAware has built a platform to which providers have responded very positively,” explained Dan Broderick, vice president of BioGenerator. “Health IT is a rapidly growing sector and MedAware’s platform stands out among tested users, showing great promise for future growth.”
The company has raised $2.2M+ in its initial round of funding and has been applying this capital to establish its comprehensive mHealth, teleHealth offering in the healthcare marketplace and secure SaaS recurring revenues from its customers.
“The momentum that MedAware has been experiencing is a very positive indicator setting the stage to drive market penetration with our extensive commercial platform,” stated Jeff Garibaldi, president & CEO of MedAware Solutions. “We are excited to receive Biogenerator’s investment commitment and believe that they will be a key collaborator for MedAware moving forward.”
BioGenerator produces a sustained pipeline of successful bioscience companies and entrepreneurs in St. Louis by creating, growing and investing in promising new enterprises. BioGenerator is a nonprofit subsidiary of BioSTL, which advances St. Louis’ prosperity by cultivating a thriving bioscience sector, building regional capacity to capitalize on St. Louis’ world class medical and plant biosciences. Please visit www.BioGenerator.org for additional information. Follow BioGenerator on LinkedIn linkedin.com/company/BioGenerator and Twitter @BioGeneratorSTL.
About MedAware Solutions
MedAware Solutions empowers patient-centric collaboration by transforming the healthcare communication experience across settings of care. We drive value by extending services of clinicians; reducing avoidable readmissions; lowering chronic disease costs; improving population health, among other areas. For more information, please visit our website at www.medawaresolutions.com and follow us on LinkedIn at linkedin.com/company/medaware-solutions.