Dorado Systems Closes Equity Funding from Spring Lake Equity Partners
Summary
Dorado Systems, a Haddonfield, NJ-based national healthcare EDI platform, recently closed a round of equity funding from Spring Lake Equity Partners.The amount of the deal was not disclosed.The company intends to use the funds to continue to grow operations in the healthcare and higher education markets and develop new products and services.Led by Ed Kennedy, CEO, Dorado provides large firms and institutions across healthcare, insurance, technology, and education with a network of more than 600 direct connections to Medicaid, Medicare, and a platform of EDI tools and applications to process transactions, streamline operations, maintain efficient communication between providers and payers, and turn data into actionable information.Clients include premier healthcare providers and vendors.