UPMC and Merck have invested $35m in MedCPU as UPMC prepares to acquire a majority stake in the healthcare IT company.
US-based healthcare IT services provider MedCPU raised $35m in a funding round yesterday led by healthcare provider UPMC’s investment unit UPMC Enterprises that also featured pharmaceutical firm Merck’s Global Health Innovation Fund.
The investment comes alongside the news that UPMC intends to purchase a majority stake in MedCPU for an undisclosed sum. UPMC is acquiring the shares from non-employee shareholders and hopes to close the deal in the second quarter of this year.
Founded in 2009, MedCPU operates a platform…
