The company intends to use the capital to expand its presence in the United States, to support product development, and to provide liquidity for existing shareholders.
Founded in 2003 and led by CEO Richard Cooke, Lincor provides the MEDIVista platform, which provides secure image archiving, integration to communication (PACS), medical records and hospital management systems for hospitals and providers.
For patients, Lincor provides multimedia entertainment, education and communications services.
The company’s products are currently deployed in over 100 hospitals around the world.
In conjunction with the investment, Lenard Marcus, Edison Ventures Principal, joined the company’s Board of Directors, along with Dick Cook, Edison Director Network member. At closing of the transaction, Lincor will move its global headquarters to Nashville, TN while maintaining research, development and sales offices in Cork, Ireland.