Health Tech Company Lands Investment

The company says its platform is used in six countries by more than 700 health providers and laboratories.

Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now

This audio file is brought to you by

0:00

0:00

Loading audio file, please wait.

Speed
1.00

• 0.25
• 0.50
• 0.75
• 1.00
• 1.25
• 1.50
• 1.75
• 2.00

Indianapolis-based hc1.com says it has raised more than $13 million in new growth capital from existing investors. The health care cloud technology company says the funding will allow it to double the size of its sales team over the next year.

hc1.com says the capital will support expansion through direct sales and strategic partnerships. The financing also includes a new $5 million revolving line of credit from SCM Specialty Finance Opportunities Fund L.P. in Greenwich.

The company says its platform is used in six countries by more than 700 health providers and laboratories. Its clients include the Cleveland Clinic, Sonic Healthcare, Nationwide Children’s Hospital and Alere. hc1.com says it achieved record sales growth last quarter and has received recognition from multiple industry groups in 2015.