MediTract, healthcare-contract manager, recapitalizes
MediTract, a Saddlebrook, N.J., IT-based manager of hospital contracts, raised an undisclosed amount of funds in order to recapitalize itself. Tudor Ventures and GE Healthcare Financial Services particpated in the transaction.
MediTract helps hospitals and other healthcare facilities manage their vendor contracts by scanning and maintaining digital contract files. The company says it manages contracts for 4,000 healthcare facilities around the country. The additional funding will allow MediTract to expand its business to related areas such as financial services and real estate.
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About the Author, David P. Hamilton
David Hamilton has been writing for VentureBeat LifeScience since April 2007. He formerly spent 14 years as a reporter for the Wall Street Journal in its San Francisco and Tokyo bureaus. Prior to that, he spent several years as a reporter at Science Magazine and as a reporter/researcher for the New Republic, both in Washington.