Monday, October 18, 2010

Pennsylvania's Halfpenny Technologies Secures $2.6M in Venture Capital Funding

Halfpenny Technologies, a provider of clinical data integration solutions based in Blue Bell, Pa., announced that it has secured $2.6 million in capital investment to expand its laboratory and electronic medical record integration offerings for hospitals, healthcare providers, payors and others, according to a company press release.

For the past decade, Halfpenny's healthcare connectivity and integration solutions have been connecting physician EMR systems with hospitals and laboratories. In just the past two years, the company has connected EMR systems in 1,500 practices to hospitals and labs. Halfpenny has successfully worked with EMR systems from more than 100 different vendors, enabling computerized physician order entry and structured laboratory results reporting.

The capital funding was co-led by Osage Venture Partners and Milestone Venture Partners, with LORE Associates also participating in the round.

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