Management Health Solutions, Inc. Secures Key Funding From Radius Ventures
Fairfield, Connecticut, March 4, 2009 – William Zierolf, President and Chief Executive Officer of Management Health Solutions, Inc. (MHS) today announced the acquisition of key funding with Radius Ventures, LLC, a venture capital firm focused on leading-edge health and life sciences companies. As a principal provider of clinical inventory valuations, item file maintenance and clinical inventory management, solutions to the health care industry, MHS makes it possible for its client organizations to achieve control over their clinical inventories and inventory management processes, thereby reducing their operating costs and enhancing their overall performance. Radius Venture’s financing will support MHS’s continued expansion and strengthen the company's sales and marketing efforts.
"We are excited about Radius Venture’s investment in our company and we see this funding as a tremendous vote of confidence in our industry leadership and growth strategy," stated Zierolf. "This investment will not only help accelerate our product development and overall business plan, but will prove to strengthen our operational expertise, ultimately fueling our future growth in the industry.”
ABOUT RADIUS VENTURES
Radius Ventures is a venture capital firm focused on leading-edge health and life sciences companies. Investments are sought across a wide spectrum, including biotechnology and pharmaceuticals, medical devices, services, and healthcare/life sciences information technology. Radius currently manages approximately $180 million in committed capital, and generally invests up to $10 million in aggregate, as a lead or syndicate investor. For more information visit: www.radiusventures.com.
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