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.
