Posted Feb. 27, 2017 at 6:12 a.m.

Raleigh health tech startup MD Interconnect lands $770K

Published: 2017-02-27 06:12:00
Updated: 2017-02-27 06:12:00

MD Interconnect MD Interconnect

A Raleigh-based health care technology company has sold $770,000 in debt and equity, according to a Securities and Exchange Commission filing.

MD Interconnect Inc. filed a Form D on Feb. 24, stating it has raised $770,000 of the total offering of $1 million. The filing did not state what the company intends to do with the proceeds.

Privately held MD Interconnect has developed an innovative cloud-based mobile and web platform that allows clinicians within an integrated delivery network communicate quickly, easily and securely, improving patient care and efficiency while reducing costs.

CEO and co-founder Karen Hohenstein has over 20 years of experience as a health care consultant. She specialized in strategic planning, physician relationships and ACO/CIN development.

Hohenstein graduated from Ohio State University with a B.S. in business administration, then received her M.B.A. in health care administration from Northwestern University.

CMO and Co-Founder David Hoover, who thought of the app idea in 2015, is a practicing pediatric surgeon and director of outpatient pediatric services at WakeMed.

Hoover previously was the director of the Jeff Gordon Children’s Hospital, Carolinas Healthcare System.

Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must first file what’s known as a Form D electronically with the SEC after they first sell their securities.

Note: This story is from the North Carolina Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism.

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