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MDdatacor Receives $2.3 Million in Private Equity Financing

Funds Enable Company to Meet Growing Healthcare Industry Demand for Its Informatics Solutions

ATLANTA, GA, November 14, 2002 --- MDdatacor, inc., a medical informatics company that utilizes patent-pending technology to rapidly identify patient populations for clinical trials, approved therapeutics and medical devices, today announced it successfully raised an additional $2.3 million in private equity financing.

The additional capital was secured from MDdatacor's current investors, including DIANON Systems, Inc. (NASDAQ: DIAN), a national provider of cancer and genomic diagnostic services. To date, MDdatacor has raised $6.4 million in aggregate proceeds from the sale of its Common Stock.

"Our information services have been very well received by pharmaceutical and medical device companies. These funds will enable us to successfully execute on a number of recent industry contracts as well as scale our business to meet increased future demand," commented Blake Whitney, MDdatacor chairman and chief executive officer.


 

About MDdatacor
Established in 2001 and headquartered in Atlanta, Georgia, MDdatacor enhances healthcare quality through the development of innovative technology solutions.  MDdatacor solutions are used to support quality improvement, health information exchange and Patient-Centered Medical Home initiatives. MDdatacor currently serves more than 7,000 physicians representing more than seven million patients.   

 



           
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