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Dealipedia - iSirona receives an investment from ...

iSirona receives a $1 million investment

Deal Participants:
Company: iSirona View Profile Charts Homepage
Investors: (add missing info)
Deal Financials:
Investment Amount: $ 1 million
Series: A
Date:
Announced: Mar 17, 2008

PRESS RELEASE - iSirona receives a $1 million investment

iSirona�, an innovative provider of data automation solutions for healthcare providers, today announced that the company has completed a private placement of $1 million. This funding will enable iSirona (www.isirona.com) to invest more heavily in research and development, expand its sales force and engage in additional marketing efforts.

iSirona delivers medical device data from bedside and mobile devices to clinical information systems, simplifying the process of patient data collection. Unlike competitive products, iSirona guarantees delivery of accurate, timely and complete patient data.

Carl Witonsky and Jim Hall, two investors who each bring extensive experience in the healthcare industry, are joining the iSirona board of directors. "Based on early demand for this product, healthcare facilities are recognizing the benefits of improved accuracy and timeliness of patient data," Witonsky explains. "This solution significantly reduces the cost and risk of making the connection between devices and clinical information systems."

Witonsky has over 35 years of healthcare operational and venture capital experience. He previously was managing director of The Flying W Fund, a satellite group of St. Paul Venture Capital, where he focused on investments in healthcare information technology. Witonsky started his career in the healthcare sector with Shared Medical Systems (now Siemens) and since has served as chairman of the board of Integrated Medical Management, interim CEO of CliniComp, CEO of MediCode and chairman of the board of Pace Health Management. Currently, Witonsky serves on the board of Dairyland Healthcare Solutions and is chairman of the board of Sentillion, Inc.

Jim Hall also brings extensive healthcare information technology experience to the iSirona board. Prior to 2007, Hall was a leader in the Eclipsys organization for 10 years as COO, president and vice chairman. He also spent 10 years at Shared Medical Systems (now Siemens), where he was a member of the office of the chairman and was senior vice president of sales, marketing and product development.

"Healthcare providers are realizing the increasing need to transfer patient data between devices and clinical information systems," says Dave Dyell, iSirona president and CEO. "This funding, combined with the success of our early adopter sites, validates the true value of our robust solution in addressing this challenge."

About iSirona
Panama City, Florida-based iSirona (www.isirona.com) develops clinical automation solutions for healthcare. The iSirona Enterprise� product suite delivers medical device data from bedside and mobile devices to clinical information systems, simplifying the process of patient data collection. iSirona accelerates return-on-investment by streamlining workflow and maximizing IT investments. Uniquely positioned to deliver the most robust solution, iSirona guarantees delivery of accurate, timely and complete patient data.


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Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/dealiped/public_html/deal_view_investment.php on line 963

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/dealiped/public_html/deal_view_investment.php on line 963
Mar 17 '08
Mar 17 '08
This version submitted by azstrik
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