This financing provides working capital to accelerate the adoption and utilization of our consumer directed telemedicine services and expansion of additional cost cutting services such as Consult A Specialist, Labs and a Flu program to name a few
Miami, FL (PRWEB) March 11, 2010
Consult A Doctor 24/7, a leading provider of consumer driven telemedicine solutions that drive down healthcare costs, announced that it closed a $5 million Series-A round financing. Consult A Doctors’ financing was led by Morgenthau Venture Partners, and joined by New World Angels and Promociones Bursa, an international consortium of investors in healthcare and technology.
"This financing provides working capital to accelerate the adoption and utilization of our consumer directed telemedicine services and expansion of additional cost cutting services such as Consult A Specialist, Labs and a Flu program to name a few,” said Wolf Shlagman, Founder and Chief Executive Officer of Consult A Doctor. Shlagman goes on to say “Consult A Doctor’s health care solutions accelerate the transformation to a consumer-driven healthcare revolution that lowers costs while providing greater access to affordable, quality health care - giving more choice, more control and more savings to everyone.”
Jack Karabees, Managing Director of Corporate Finance with CP Capital Securities, http://www.cpcapitalsecurities.com, based in Miami, states, “We’ve found that only through a structured and methodical effort can early-stage financing be accomplished in this economy. An aggressive, full-time, targeted campaign has proven successful for us in the early-stage market in Florida, throughout both 2008 and 2009, in an arguably challenging marketplace.”
The transaction for Consult A Doctor was assisted by Douglas O’Keefe of the law firm Cary, Rodriguez, Greenberg and Paul, LLC, Miami, FL, http://www.crgplaw.com, and management consultants Groundwork Equity, Los Angeles, CA.
About Consult A Doctor
Consult A Doctor offers convenient 24/7 access to physicians for phone and secure email medical consultations. Its proprietary nationwide cross-coverage network of U.S. licensed primary care physicians and specialists provide specific answers to medical questions and advice regarding non-emergency, routine medical conditions. They discuss symptoms, recommend treatment options, diagnose many common conditions, and prescribe medication when appropriate. Consult A Doctor’s Consumer-Driven Telemedicine service reduces healthcare cost for all payers by providing members with more convenient and more efficient access to medically equivalent care in a lower-cost setting. Our services are proven to reduce up to 70% of unnecessary doctor visits and reduce sick leave absenteeism by up 25% or more.
Consult A Doctor, founded in 2008, is based in Miami Beach, FL. For information regarding this transaction or Consult A Doctor, please contact: Jim Grant at 866.596.5500.