Get the latest Venture Capital & Angel investors news and info Join Our Mailing List:

Your Name: 

Your Email:  

*By submitting your name & email you agree to receive for FREE our scholarships & offers Newsletters. You agree also with the storage and handling of your data by this website and 3rd party email services.
You may unsubscribe if you wish. And you can delete your email and name at any time by emailing us to the email on the bottom of this page.

Follow us on
  • Maryland Venture Capital Companies Invest in SourceMedical Solutions

    February 10th, 2008 No comments

    SourceMedical Solutions Raises $16 Million in Series E Funding

    ABS Capital Partners, a Maryland based
    Private Equity and Venture Capital firm was attracted to the company’s growth
    and superior health care technology solutions.

    ABS Capital Partners
    announced it invested $16 Million in SourceMedical Solutions, Inc., a leading
    provider of outpatient information management solutions. The financing was led
    by ABS Capital Partners, a leading private equity firm focused on investing in
    established and profitable growth companies, with participation from existing
    individual investors. The investment will be used to provide capital for
    expansion purposes and to retire existing debt obligations. John Stobo, a
    general partner at ABS Capital Partners, and Mark Anderson, a principal at ABS
    Capital Partners, will join SourceMedical’s board of directors.

    “SourceMedical’s financial results and strength have improved over the past
    year and we continue to make progress,” said Scott Stone, executive vice
    president and chief financial officer of SourceMedical. “ABS Capital has a
    proven track record in the healthcare IT sector, backing many of the industry’s
    leaders over the past decade. We believe that this investment, coupled with
    their experience in high growth companies, will be valuable to us as we continue
    to serve our markets.”

    “SourceMedical is a great example of the kind of growth we look for as
    investors,” said Mark Anderson, principal at ABS Capital Partners. “The company
    is selling a leading solution in a fast-growing market, has a management team
    that has been known to us for some time and has performed well. As more and more
    procedures get moved to alternate sites, those providers will increasingly need
    sophisticated solutions to help them to manage their workflow and navigate a
    complex regulatory and reimbursement environment. We look forward to partnering
    with SourceMedical to continue to capitalize on the growing demand for their
    offerings and build a significant company.”

    SourceMedical’s software is designed to support the core operational
    requirements of ASCs and rehabilitative therapy centers. It also offers the free
    standing diagnostic imaging center market an application service provider
    (ASP)-based Radiology Information System capable of interfacing with picture
    archiving and communication systems. Today, more than 3,300 satisfied customers
    rely on SourceMedical for innovative applications, in-depth industry expertise
    and unsurpassed customer service.

    ABS Capital Partners is a private equity firm that was founded in 1990 to
    invest in mid- to later- stage growth companies in order to create significant,
    market-leading companies. The firm’s investment strategy focuses on companies in
    the healthcare, technology, business services and media & communications
    sectors. ABS partners with strong management teams to help build businesses with
    substantial revenues, near-term profitability and solid customer bases. The firm
    has created long-term value for management and investors, and has $1.5 billion
    under management and nine investing partners within offices in Baltimore, San
    Francisco and Boston.

    For more
    information, please visit

Leave a reply

Please leave these two fields as-is:

Protected by Invisible Defender. Showed 403 to 253,511 bad guys.


Latest Headlines:

Friday August 31, 2012
Zscaler Secures $38 Million Investment Round

Wednesday November 30, 2011
Health Care Solutions companies Infinity Pharmaceutics, NanoVobronix and Selventa raise funds.

Monday November 21, 2011
Panda Power opens $420 Million Fund for Solar and Natural Gas Projects

Thursday November 17, 2011
Better Place raises $200 Million for Electric Cars in the Series C of Funding

Wednesday November 16, 2011
Accel Partners raise $100 Million Big Data Fund to Invest in Hadoop, NoSQL and other Companies

Tuesday November 15, 2011
Skimlinks raises $4.5 Million to help Bloggers Increase their Gains

Monday November 14, 2011
Standing Cloud raises $3 Million to help New Cloud Providers grow Faster

Thursday November 10, 2011
Zillow acquires Diverse Solutions for $7.8 to help Real Estate Agents increase their Visibility


By using this website you agree with our cookie policy