Medsphere Closes $32 Million Financing Led by Morgan Stanley Expansion Capital
Summary
CARLSBAD, Calif.--( BUSINESS WIRE )-- Medsphere Systems Corporation , the leading provider of affordable and interoperable healthcare information technology (IT) solutions and services, today announced the closing of $32 million in financing from Morgan Stanley Expansion Capital and East West Bank .Using a subscription-based payment model, Medsphere’s suite of solutions are available to all inpatient and ambulatory facilities, including behavioral health hospitals, specialty clinics and multi-facility systems, regardless of size and budget.“Both Morgan Stanley Expansion Capital and East West Bank have a clear understanding of our unique and disruptive business model and approach and recognize the potential of Medsphere to bring real change to healthcare IT.”Founded in 2002 and based in Carlsbad, Calif., Medsphere Systems Corporation is an organization of committed clinical and technology professionals working to positively impact patient care by delivering award-winning healthcare IT solutions for providers of every size and budget.In Greater China, East West’s presence includes full service branches in Hong Kong, Shanghai, Shantou and Shenzhen, and representative offices in Beijing, Chongqing, Guangzhou, Taipei and Xiamen.
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