Telstra Ventures invests in provider of electronic medical records for Australian hospitals.

IP Health, an Australia-based electronic medical records specialist, has raised an undisclosed amount of investment from Telstra Ventures, the corporate venture capital subsidiary of Australia-based telecommunications and media company Telstra Corporation.

IP Health’s core product, Verdi, gives hospital clinicians and administrators a single view of patient information aggregated from multiple systems in a hospital. It extracts information in real time from a hospital’s existing paper or electronic databases.

Matthew Koertge, Telstra Ventures managing director, said:  “This investment…