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MediKeeper Closes Series A Financing Round with PacifiCap as Lead Investor

Saturday, October 13, 2007 General News J E 4
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SAN DIEGO, Oct. 12 MediKeeper (http://www.medikeeper.com),a leading provider of technology solutions for the health and wellnessindustry, has closed its Series A investment round led by Hawaii-based venturecapital firm PacifiCap.

MediKeeper was started in 2003 by a team of entrepreneurs and medicalprofessionals with the purpose of making medical records secure, mobile, andaccessible online. Beginning with its flagship Personal Health Record (PHR),the company provides a comprehensive suite of customized patient-centeredmanagement tools.

Its complete line of web-based health and wellness tools has gained favorwith a range of employers, governments, health providers, health plans, andconsumers. MediKeeper recently announced the signing of South Dakota's entirestate employee base to a three-year contract extension. MediKeeper was alsorated as one of the top two privately owned PHR companies in the country in arecent MarketIntellNow report.

"Everyone has a stake in the healthcare marketplace," explained MediKeeperCEO Dr. Bruce Tarzy, "but each stakeholder's need is different. We developcustomized solutions for clients, integrating personal health information withrisk and experience data, as well as health content."

Headquartered in Honolulu, HI, PacifiCap is a leading US and Asia-Pacificfocused venture capital firm investing in technology and other emerging growthcompanies. Founded in 2000, PacifiCap holds a stake in companies withoperations in Hawaii, the US mainland and Asia. PacifiCap is the largestlocally based venture capital firm in the state of Hawaii.

"We like MediKeeper's patient-centered, best-of-breed partnership approachto this market segment," said PacifiCap principal Dew-Anne Langcaon. "We wereintroduced by clients who utilize MediKeeper products themselves and arethrilled with their products and service."

As part of the investment, MediKeeper is establishing a Research andDevelopment lab in Hawaii. "Hawaii is an ideal setting for the earlydeployment of innovative healthcare products. PacifiCap believes that fundingMediKeeper's R&D unit in Hawaii is an important step in leveraging Hawaii'scompetitive advantage and promoting economic diversification," said JeffreyAu, Managing Director for PacifiCap.

"All stakeholders -- employers, payers, providers, and end-users -- areseeking ways to improve the quality of care while reducing costs. Our productsuse technology to improve health and wellness through the management ofinformation," said Tarzy.

Tarzy added, "Our partnership with PacifiCap gives us the opportunity toexpand on our leadership in technology to meet the demands of thismarketplace."

SOURCE MediKeeper, Inc.
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