Recondo Technology Garners $2,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=387801bf-fa2e-4939-854f-0e009950e361&Preview=1
Date
1/25/2013
Company Name
Recondo Technology
Mailing Address
8200 E. Maplewood Avenue Greenwood Village, CO 80111
Company Description
Recondo connects providers, payers, and patients using breakthrough cloud computing solutions throughout the healthcare revenue cycle. Our software services are designed to ensure Proper Payments across the continuum of US healthcare and bring efficiencies and cost savings to healthcare payment processing, which currently costs US healthcare a staggering $460 billion in annual expense.
Website
http://www.recondotech.com
Transaction Type
Venture Equity
Transaction Amount
$2,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The investment will enable Recondo to accelerate its already impressive organic growth rate, enhance its customer support teams, and complete strategic acquisitions.
M&A Terms
Venture Investor
Bregal Sagemount