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United States : SOLSTICE MEDICAL raises $2.5M

August 26, 2014

A major provider of advanced surgical supply chain software solutions for the healthcare sector, Solstice Medical, has raised $2.5 million in funding.

The company has pledged to transform the healthcare supply chain by offering a unified surgical supply chain platform to customers.

With this actionable business intelligence surgical inventory platform, hospitals can lower on-hand inventory levels, enhance patient results, reduce wasted OR time, and significantly boost provider and patient satisfaction scores.

$ 1 million, of the $2.5 million, was made via the State of Indiana's 21st Century Research & Technology Fund, a direct investment scheme that targets revenue-generating and high potential high development Indiana firms.

In collaboration with the Indiana Economic Development Corporation (IEDC), the Fund is under management by Elevate Ventures.

Solstice CEO Todd Melioris, said : "I am very pleased with the capital support from Elevate and the IEDC," says "as it is a testament to the market need, our solutions, and our team. Our platform allows hospitals to optimize their surgical supply chain and operating expense, while increasing provider and patient satisfaction. Our cloud-based solution allows large and small hospitals a pathway for immediate savings."

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Source: TendersInfo (India)

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