Sector-focused VC firm HLM Venture Partners has led a $15m investment round in Change Healthcare, alongside new investor Noro-Moseley Partners and existing backers BlueCross BlueShield Venture Partners, Sandbox Industries, Mitsui & Co. Global Investment, Gary and Mary West Health Investment Fund and Solidus Co.
Established in 2007, Change Healthcare provides healthcare cost transparency and consumer engagement services.
“Healthcare is evolving at a rapid pace and our firm is committed to supporting companies that are fundamentally changing the way healthcare is consumed,” said Marty Felsenthal, partner at HLM Venture Partners. “We were impressed with the company’s recent growth, resulting in scale that can make consumer engagement in healthcare a reality.”
HLM Venture Partners focuses on healthcare service, healthcare information technology and medical devices.
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