Telehealth network scores a $23.6M investment

Several large healthcare groups are getting on the telehealth train after announcing Wednesday they would be investing some $24 million in the technology.

Sutter Health has joined venture capital firms Heritage Group and Kayne Anderson Capital Advisors to sign a $23.6 million deal with telehealth software company MDLIVE. The funding will be used to expand the Sunrise, Fla.-based telehealth provider’s cloud-based system and integrate a Second Opinion program for patients.

Launched in 2006, MDLIVE’s telehealth platform allows consumers with non-emergency medical problems to have direct access to doctors nationwide via telephone, e-mail and videoconference.

“This new funding affirms the industry imperative to broaden the availability of telehealth and to expand on the millions of lives whose access to care we have positively impacted to date,” said Randy Parker, the company’s CEO, in a January 22 press release.

“Empowering consumers to receive quality care when and where they want it opens new avenues to good medicine,” added Don Wreden, MD, California-based Sutter Health’s chief medical group transformation officer, in the statement.

The investment expands the portfolio of companies backed by the Heritage Healthcare Innovation Fund, which was established by the Heritage Group and a diverse group of healthcare services firms, including Amedisys, Cardinal Health, CHE Trinity Health, Community Health Systems, the Health Care Service Corporation, Intermountain Healthcare, LifePoint Hospitals, Memorial Hermann Healthcare System, Tenet Healthcare and UnityPoint Health.

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