AristaMD, developer of a remote diagnostics system, raised $18m in a round co-led by Cigna Ventures and MemorialCare Innovation Fund.

Subsidiaries of healthcare provider MemorialCare Health System and health services firm Cigna co-led an $18m series B round for US-based medical diagnostics technology developer AristaMD yesterday.

Cigna Ventures and MemorialCare Innovation Fund were joined by CU Healthcare Innovation Fund, an affiliate of University of Colorado Anschutz Medical Campus, in addition to medical clinic Stanford Health Care and venture capital firm Avalon Ventures.

AristaMD has created a telehealth system called eConsult that enables primary care providers to conduct patient assessments in…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.