Press Releases
HEALINX CLOSES $19 MILLION ROUND OF FUNDING
U.S. Venture Partners lead round which includes Venrock Associates, SI Venture Management, CIBC Oppenheimer and Concord
Alameda, CA, February 22, 2000 - Healinx Corporation, the premier Application Service Provider (ASP) of Web-based doctor-patient communications tools, today announced that it has closed its Series C round of venture capital financing. Totaling $19 million, the round was led by U.S. Venture Partners. Venrock Associates, SI Venture Management (a GartnerGroup affiliate), CIBC Oppenheimer, and Concord also participated.
Healinx is the only Internet ASP today to offer solutions that build an ongoing personal dialogue between patients and their own doctors. With Healinx, patients can securely communicate online with their own doctor, schedule appointments, request prescriptions, refills and referrals to specialists, engage in consultation, access their medical profile online, and together with their doctor improve wellness through preventive care measures.
"We invested in Healinx because it has the best Internet link between the two most important elements in healthcare--the patient and doctor," said Phil Young, general partner of U.S. Venture Partners, who also joined the Healinx Board of Directors. "We believe Healinx is both the technology and market leader in providing doctor- and user-friendly Web-based communication between patient and doctor."
"This funding from top tier venture capital firms represents an impressive vote of confidence for Healinx and its business model," said Giovanni Colella, MD, president and CEO of Healinx Corporation. "We believe that Healinx is setting the standard for the online doctor-patient relationship by helping doctors manage their patient relationships, and offering patients enhanced communication and care from their doctors."
Patrick Latterell, a general partner at Venrock Associates added, "Venrock is very pleased to join the Healinx team to help introduce the first sophisticated medical communication application which we believe can finally enable both patients and their medical care providers to communicate via the Internet in a mutually satisfactory fashion. Healinx provides a very important new tool for doctors to offer their patients who prefer the convenience of asynchronous but reliable communication via the Web, and simultaneously enables doctors and their staff to more effectively provide comprehensive high-quality care for their patients." Latterell reiterated Venrock's strong commitment to Healinx with his joining the Board of Directors with this financing.
Growing Support
Over 1,000 doctors and several thousand patients are already using the Healinx system. Recent
endorsements of medical groups, hospitals and associations across the country will give the
company exposure to more than 100,000 practicing doctors over the next few months.
"We believe that Healinx is on the forefront of a revolution that's about to occur in the doctor/patient relationship," said Manny Fernandez, managing director of SI Venture Management and chairman of the board of Gartner Group. "They provide a secure, Web-based, efficient means for patients to communicate with their doctors, and meet critical needs for both doctors and their patients." Fernandez has also accepted an appointment to the Healinx Board of Directors.
About Healinx
Healinx Corporation is the premier ASP of online physician-patient communications tools, offering
the Internet's first Web-based messaging system designed to facilitate physician-patient
communication. The Healinx system offers physicians an immediate, secure Web presence rich
in communication features. From sophisticated electronic consultations through scheduling
and medication management, Healinx provides physicians with a productivity tool while enhancing
their relationships with patients. Patients benefit from convenient online access to their
own physicians as well as medical information and customized health information designed
to improve their wellness. Healinx is located at
1900 Powell Street, Suite 600, Emeryville, CA 94608, and can be reached
toll-free at 1-877-432-5469 (1-877-HEALINX) or on the Web at www.relayhealth.com.
U.S. Venture Partners
U.S. Venture Partners, or "USVP" (www.usvp.com), is a leading Silicon Valley-based
venture capital firm that specializes in building companies from an early stage in digital
communications/networking, eCommerce and Internet-related.aspinesses, semiconductors, enterprise
and technical software, as well as medical devices and eHealth. Since its inception in 1981,
USVP has raised more than $1.5 billion in seven funds, including a $600 million fund that closed
in December 1999. USVP was the founding seed capital investor in Sun Microsystems, and continues
to be active in all areas of digital communications and the Internet, with such recent successes
as Xylan, MMC Networks, Check Point Software, CacheFlow, Netro, Ask Jeeves, Concur Technologies,
Sagent Technologies, Neomagic, 3Dfx Interactive, and GetThere.com.
Venrock Associates
Venrock Associates was founded as the venture capital arm of the Rockefeller family and continues
a tradition of funding entrepreneurs that now spans over six decades. As one of the oldest
venture firms in the United States, Venrock maintains a tradition of collaboration with talented
entrepreneurs to establish successful, enduring companies. Venrock activities have focused
on early stage companies in Information Technology and the Internet with investments in Intel,
Apple Computer, Stratacom, Check Point Software Technologies, Visual Networks, Media Metrix,
Fogdog Sports, Niku, WhoWhere?\Lycos, NetObjects, and DoubleClick as well as in healthcare
with the funding of companies such as Neoforma, Caliper Technologies, Millennium Pharmaceuticals,
Oratec Interventions, Vical, Pharmacyclics, Triangle Pharmaceuticals, CardioThoracic Systems,
Geron, Centocor, and Genetics Institute, among many others.
About SI Ventures
SI Ventures provides strategic investments to early to mid-stage IT-based or Internet-enabled
companies. Created in 1988 by executives of GartnerGroup, Inc., the worlds largest and most
renowned IT research, advisory, measurement and consultative services company, SI Ventures
leverages GartnerGroup's vast resources, knowledge and experience in the context of strategic
investments in promising IT and information-based start-up companies.