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Finance
Healthcare IT firm raises $2.4M to fund growth
April 10th, 2005
CareDecision Corporation (CDED) announced that it has received equity financing through the Mercator Advisory Group, LLC, and its affiliated funds, ("MAG") to fund current and anticipated growth initiatives enabled by the recent strategic acquisition of CareGeneration, Inc. The agreed transaction provides $2 million in growth equity funding, specifically to support the company's previously announced entrance into the billion dollar-plus market for the distribution of discounted prescription drugs. The company plans to direct the funding toward additional acquisitions and to make investments in accretive enterprises to support this unique market opportunity. ...
Source: Aging & Elder Health Week (2005-04-10)
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