This funding will enable the company to continue its organic growth and expand its acquisition strategy and consumer reach. Bedford Funding joins previous investors, Sentara Healthcare, Sutter Health, Heritage Group and Kayne Anderson Capital Advisors to invest in the most comprehensive virtual health network in the United States.
Founded in 2009 and led by Randy Parker, president and chief executive officer, MDLIVE provides Americans with access to virtual health care services utilizing partnerships with established industry leaders, including Walgreens, Microsoft, and major health systems across the country.
The company provides virtual consultations with U.S. board-certified physicians and licensed therapists through a HIPAA-compliant cloud-based platform.
The system also enables payers and providers 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.