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Canada NewsWire, Monday, May 29th, 2006.
May 29, 2006 – HealthUnity™, the leading enabler of collaboration technology for healthcare entities, announced today that it has closed a $1.4MM round of financing from J.L. Albright IV Venture Fund and other investors.
“HealthUnity’s comprehensive product approach to building regional and enterprise health information networks enables healthcare entities to share patient clinical data while maintaining security and privacy” said Prem Urali, President and CEO of HealthUnity. “This enables healthcare providers to have a complete view of patients' relevant medical records at the point of care. Our product can be deployed in a single enterprise where multiple providers are involved or in a regional setting where multiple collaborating partners are involved.”
HealthUnity’s unique approach has earned it a leading position in the emerging health information networks market including recognition by “Hospitals and Health Networks” magazine in its coveted list of “Companies to Watch 2006”. Prem Urali summarized HealthUnity’s unique value as follows, “We have a product with a rich feature set that can be deployed in under 90-days. Our low and utility-like pricing delivers extraordinary value to customers. We have built an architecture that is leading edge and meets the privacy, security, data ownership, audit and control requirements of healthcare providers.”
Rick Segal, a partner at JLA Ventures said "We believe the creation and growth of regional and enterprise health information networks in the US combined with HealthUnity’s products and industry knowledge gives HealthUnity a tremendous opportunity to rapidly gain market share. We are convinced HealthUnity has superior technology, top-notch talent and an experienced management team. We are excited to be involved and support the company's continuing momentum."
Prem Urali stated, “We are delighted to have JLA Ventures as both an investor and long term strategic partner.”
About J.L. Albright Venture Partners (“JLA Ventures”)
JLA Ventures, a private venture capital firm, is a leading investor in technology companies at all stages of growth. The firm has offices in Toronto, Ontario and Montreal, Quebec. JLA Ventures’ past and current portfolio companies include: Triple G Systems (acquired by General Electric), Pixstream (acquired by Cisco), Basis100 (acquired by First American Corporation), Fun Technologies (acquired by Liberty Media Corporation), Servicesoft Technologies (acquired by Broadbase), Isolation Systems (acquired by Shiva), Descartes Systems Group (NASDAQ:DSGX), Bioscrypt (TSX:BYT), Q9 Networks (TSX:Q), Quickplay Media, MusicIP, HealthUnity, and PlanetEye. For more information please visit www.jlaventures.com.
About HealthUnity
HealthUnity offers end to end products and services for clinical collaboration and communication among healthcare entities. HealthUnity provides the products, professional and support services, and the legal framework for building Regional Health Information Networks (RHIN), Enterprise Health Information Networks (EHIN), Radiology Health Information Networks (RadHIN™) and Laboratory Health Information Networks (LabHIN™). Its technology is based on the latest innovations in distributed web services architecture. HealthUnity is headquartered in Bellevue, WA and also has an office in Bangalore, India. More information is available at http://www.healthunity.com.
MEDIA CONTACT:
Jay Pathy, Vice President
HealthUnity™ Corporation
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www.healthunity.com
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