MedSage in growth mode with $1 million in financing

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Friday, September 30, 2005

PITTSBURG - MedSage Technologies just closed its current round of financing, having raised just over $1 million. The single largest investor was BlueTree Capital, which contributed more than $300,000. Innovation Works invested $200,000 and the remaining capital came from angel investors and current company members.
"We're in an exciting growth period right now," said Bob Crouch, CEO and chairman of the company, which provides patient care technologies.
MedSage has moved into new offices near the Parkway East and retained rights for additional space within the new facility. The move will allow the company to expand service offerings, hire employees and expand market reach as needed.
Other new additions to medSage are Jerry Connelly to the board of directors and Tom Jones of BlueTree Capital as an official board observer.
Previously, Connelly worked in the employee benefits service industry, building his own company into a large enterprise. He most recently served as executive vice president of Morneau Sobeco, a division of Deloitte and Touche.

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