MDLIVE Secures $23.6 Million in Funding led by Heritage Group and Sutter Health

  MDLIVE Secures $23.6 Million in Funding led by Heritage Group and Sutter
  Health

 Nation’s Leading Provider of Telehealth Services Continues Momentous Growth

Business Wire

SUNRISE, Fla. -- January 22, 2014

MDLIVE, the nation’s leading provider of telehealth services and software,
announced today that it has raised $23.6 million in funding from key investors
Heritage Group, Sutter Health and Kayne Anderson Capital Advisors. These
leading organizations join MDLIVE’s current roster of investors, including
Sentara Healthcare and John Sculley, Board of Directors Vice Chairman for
MDLIVE and former CEO for Apple and Pepsi Cola. The funding will be used to
further build out its healthcare system in the cloud, as well as to integrate
a Second Opinion program for patients.

MDLIVE offers the nation’s largest telehealth network with an unsurpassed
experienced team of healthcare and technology leaders who are creating a new
and unprecedented standard of patient care. MDLIVE provides superb, affordable
care anytime, anywhere in a confidential and trustworthy manner, and is well
poised to deliver on its mission to provide an incredible customer experience
never seen before in healthcare. MDLIVE’s customer-centric approach empowers
consumers with the decision support tools and services to get better access to
immediate care.

“We are excited to be MDLIVE’s new strategic partner,” said Rock Morphis,
Managing Director of Heritage Group. “We look forward to working with the
company to expand its already robust offerings and to help build a full
service cloud-based healthcare system, making it easier than ever for patients
to get access to healthcare on the go.”

This investment expands the portfolio of companies backed by the Heritage
Healthcare Innovation Fund, which was established by Heritage Group and a
diverse group of the nation’s leading healthcare services firms including,
Amedisys, Inc., Cardinal Health, CHE Trinity Health, Community Health Systems,
Health Care Service Corporation, Intermountain Healthcare, LifePoint
Hospitals, Memorial Hermann Healthcare System, Tenet Healthcare, and
UnityPoint Health.

“We live in a busy world, and telehealth gives patients and physicians more
options in how they communicate,” said Don L. Wreden, M.D. and Chief Medical
Group Transformation Officer at Sutter Health. “Empowering consumers to
receive quality care when and where they want it opens new avenues to good
medicine.”

The investment recognizes MDLIVE’s major momentum in empowering its customers
to better manage and navigate their health on their own terms, as well as
enabling providers to create a hub for healthcare that is more accessible,
timely and cost effective. MDLIVE has a proven track record of offering a high
value healthcare experience and contributing to the overall effectiveness of
today’s healthcare delivery systems.

“MDLIVE’s recent advancements position it as a game changer in connected care
and will transform the way consumers adopt better healthcare delivery
alternatives,” said John Sculley. “It’s an exciting time to be part of this
growing category which brings the capability to have quality healthcare no
matter where you are.”

“This new funding affirms the industry imperative to broaden the availability
of telehealth and to expand on the millions of lives whose access to care we
have positively impacted to date,” said Randy Parker, CEO of MDLIVE. “MDLIVE
continues to address patients’ demand for basic healthcare services, which
have become increasingly difficult to access through traditional venues due to
a shortage of primary care physicians nationwide,” said Parker.

About MDLIVE

Founded in 2006, MDLIVE is a leading provider of telehealth services and
software, providing telehealth, online and on-demand healthcare that benefits
consumers, employers, payers, hospitals, physician practice groups and
accountable care organizations. Headquartered in Sunrise, Florida, MDLIVE
works with Board Certified physicians and therapists, nationwide to provide
around-the-clock connected care.

The company’s cloud-based Virtual Medical Office software platform makes it
possible for patients, healthcare professionals and plan administrators to
collaborate seamlessly and securely via voice, video, email and mobile
devices. Payers and providers can also utilize the HIPAA and PHI-compliant
system to collect and share clinical data from patient medical records, lab
results and in-home biometric devices for real-time risk assessments, wellness
advice, diagnosis and treatment.

MDLIVE physicians can diagnose, treat and, if needed, write prescriptions
(non-controlled substances only) for routine medical conditions 24/7/365
Anytime, Anywhere. Learn more at www.mdlive.com and connect with us on
https://www.facebook.com/MDLIVETelehealth to join the telehealth conversation.

To see a brief video about MDLIVE’s connected care delivery services please
watch www.mdlive.com/media/storkmdlive.html

About Heritage Group

Heritage Group is a Nashville-based, venture capital firm with over 25 years
of experience financing and operating healthcare companies at all stages.
Created by a diverse group of the nation’s leading healthcare services firms,
the Heritage Healthcare Innovation Fund is a $167M strategic initiative
focused on investments in businesses that improve the delivery of healthcare
services. For more information on Heritage Group, visit
www.heritagegroupusa.com.

About Sutter Health

Serving patients and their families in more than 100 Northern California
cities and towns, Sutter Health doctors, not-for-profit hospitals and other
health care service providers share resources and expertise to advance health
care quality and access. The Sutter Medical Network includes many of
California's top-performing, highest quality physician organizations as
measured annually by the Integrated Healthcare Association. Sutter-affiliated
hospitals are regional leaders in cardiac care, women's and children's
services, cancer care, orthopedics and advanced patient safety technology.

For more information about the not-for-profit Sutter Health network, please
visit:
SutterHealth.org/about/ | www.Facebook.com/SutterHealth |
www.YouTube.com/SutterHealth | www.twitter.com/SutterHealth

About Kayne Anderson Capital Advisors

Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading
independent alternative investment management firm focused on niche investing
in upstream oil and gas companies, energy infrastructure, specialized real
estate, middle market credit, growth private equity and distressed municipal
opportunities. Kayne’s investment philosophy is to pursue niches, with an
emphasis on cash flow, where our knowledge and sourcing advantages enable us
to deliver above average, risk-adjusted investment returns. Kayne manages
approximately $24.5 billion in assets (as of 10/31/2013) for institutional
investors, family offices, high net worth and retail clients and employs 230
professionals in eight offices across the United States.
http://www.kaynecapital.com/

Contact:

Grayling for MDLIVE
Alessandra Nagy, 310-935-2592 (direct)
Alessandra.Nagy@grayling.com
 
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