Bangalore- and US-based eMids Technologies Pvt Ltd, which provides consulting, IT and business process management solutions to the healthcare industry across the US and India, has secured $13.3 million led by US-based Council Capital and Baird Capital. The capital will be used to fuel its organic growth and also to fund its potential acquisitions.
The development was first reported by Nashville Biz Blog.
Founded by Saurabh Sinha (president and CEO) and Arnab Chatterjee (executive VP, global operations), eMids specializes in Business Intelligence, analytics, application development & maintenance and product engineering. It provides healthcare functions such as care delivery, care management, revenue cycle, claims & benefits administration, clinics & hospital administration, patient & member engagement and workplace safety to hospitals. The company is headquartered in Nashville and handles its IT solutions, product development and BPO services out of its Bangalore office.
Council Capital is a private equity firm based out of Nashville with approximately $150 million under management. It invests primarily in early-growth and growth stage companies in healthcare services and healthcare IT that emphasize innovative ways to raise quality and lower costs.
Founded in 1989, Baird Capital makes venture capital, growth equity and private equity investments in various sectors around the world. The firm has so far invested in more than 260 companies across the US, Asia and Europe.