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Investor Group Launches $50M Investment Fund Focused On the mHealth Market


Investor Group Launches $50M Investment Fund Focused On the mHealth Market   telemedicine telehealth mobile healthcare mobile health investment fund mobile health investment mobile health mhealth investments mHealth investment fund mHealth MedStar Health medical data John McDaniel Jeff Harvey James Kelley investment group Investment fund healthcare investment fund Donald Phillips Washington D.C.-based investor group, Hickory Ridge, announced today that its launching a $50M investment fund to “jump start development in the mobile health market.”

The group said it aims to fund startups with anywhere between $500K and $2M and will focus on telemedicine systems and patient-oriented apps for managing medical data.  The investor group is lead by former MedStar Health CEO John McDaniel along with former PricewaterhouseCoopers partner Donald Phillips and technology entrepreneur James Kelly.  The new mHealth investment fund is yet to be named, according to the group.

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