Healthcare software firm Picis raises $155M, acquires Lynx Medical Systems
Picis, a privately held Wakefield, Mass., maker of healthcare-software systems, raised a whopping $155 million in a private placement of convertible preferred stock and debt to Goldman Sachs & Co. and then used a portion of the funds to acquire a similar company, Lynx Medical Systems. (The Picis release doesn’t mention the amount of the private placement, but a Picis representative confirmed it to me; it’s also described in this Boston Globe story.)
Picis, which had… Continue Reading