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MediConnect acquires rival ZEROP and raises $15MM.

MediConnect Inc. on Tuesday announced a $15 million funding round from private investors, the addition of prominent people to its board of directors and the closing of the acquisition of another medical record retrieval company.

And on deck is the announcement of another acquisition, which will more than double the size of the company’s employee base.

MediConnect’s acquisition of Salt Lake-based Zerop Medical LLC for an undisclosed amount added nearly 50 employees to MediConnect’s 300. The combined company, consolidated into MediConnect’s South Jordan offices, will be known as MediConnect Global.

By Brice Wallace
Deseret Morning News

Full Story: http://deseretnews.com/dn/view/0,1249,640194063,00.html

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Utah’s MediConnect acquires rival ZEROP

By Bob Mims
The Salt Lake Tribune

It was double-barreled good news for Utah’s MediConnect Inc. on Tuesday. The company completed efforts to raise nearly $15 million, and it acquired rival ZEROP Medical.

Terms of the purchase were not released by the privately held companies.

President/CEO Amy Rees Lewis said the deal would strengthen the Salt Lake City company – to be known as MediConnect Global Inc. – and help it become a leading international, online medical records service for the legal and insurance professions.

"This transaction reinforces our strategy of making targeted acquisitions that solidify our position as the center point for simple, cost-effective online access to medical information worldwide," Lewis added.

Full Story: http://www.sltrib.com/business/ci_4039512

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