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eHealth Technologies Announces Growth Capital Investment from Merck Global Health Innovation Fund

  eHealth Technologies Announces Growth Capital Investment from Merck Global
  Health Innovation Fund

    Investment used to enhance continuity of care solutions, grow support
                infrastructure and expand sales and marketing

Business Wire

NEW YORK -- January 23, 2013

eHealth Technologies, a leading provider of continuity of care solutions,
announced today that Merck Global Health Innovation Fund (Merck GHIF) has made
an investment of growth capital in the company to expand its offerings and
company infrastructure. The Series D investment of over $6 million and led by
Merck GHIF includes a seat on eHealth Technologies’ Board of Directors for
David Stevenson, investment principal at Merck GHIF.

“In the past two years the demand for our continuity of care solutions has
increased revenue by over 230 percent. We are excited about our partnership
with Merck GHI and the opportunities that this brings to eHealth Technologies
to provide additional ways to automate the process to connect healthcare
providers and other clinical institutions with the external patient
information needed, within their workflow, and within their own systems,” said
Michael Margiotta, CEO and founder of eHealth Technologies. “We are continuing
to grow our infrastructure and expand the marketing of our solutions to IDNs,
hospitals, health information exchanges (HIE) and cancer treatment centers so
that they in turn can see patients faster and have more productive first
appointments.”

eHealth Technologies improves continuity of care to enhance patient and
physician satisfaction by streamlining and largely automating transitions of
care and by providing any external medical record and diagnostic quality image
– when and where it is needed. The company also provides real-time reporting
on referral patterns so hospitals can proactively and intelligently monitor
their referral business. More than 50 percent of the largest hospitals and
leading HIEs are using eHealth Technologies solutions.

“With mounting pressures to meet meaningful use and deliver accountable care,
today's healthcare organizations — and their physicians — are beginning to see
firsthand how their goals can be met by improving continuity of patient care,”
said David Stevenson, investment principal for Merck GHIF. “We believe that
eHealth Technologies is well positioned to help the industry improve
connectivity and automation and therefore eliminate redundant costs and
inefficiencies that surround clinical information accessibility.”

About eHealth Technologies™

eHealth Technologies is a leading provider of continuity of care solutions,
serving over half of the nation's top 100 hospitals and leading health
information exchanges (HIEs), including 11 of the top 17 hospitals selected to
the prominent Honor Roll of the Best Hospitals from the 2012-2013 U.S. News &
World Report. The company's eHealth Connect® offering enhances patient and
physician satisfaction by streamlining transitions of care, and by providing
the right patient information – when and where it is needed. Visit
www.eHealthTechnologies.com

About Merck Global Health Innovation Fund

Merck Global Health Innovation (GHI) Fund invests in emerging companies that
deliver breakthrough healthcare solutions which advance Merck's mission to
discover, develop, and provide innovative products and services that save and
improve lives. Established in 2010, the GHI Fund deploys its evergreen $250
million fund to rapidly identify and develop transformative global health care
opportunities. GHI is focused on identifying opportunities that are adjacent
to Merck’s core business of pharmaceuticals and vaccines. www.merck.com/ghi

Contact:

eHealth Technologies
Nicole Spencer, 530-269-1806
nicole.spencer@eHealthTechnologies.com
www.eHealthTechnologies.com
 
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