Medtech company raises $108M

Medtech company MedShift completed a $108 million capital investment that the company will use to advance its specialty device subscription, connected medical devices and Velocity technology suite.

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Turning Rock Partners, Micota Capital and OY6 Capital led the investment round. MedShift partners with over 2,000 providers, according to an April 20 MedShift news release.

“Continued profitable growth was a catalyst to securing this raise, and the entire team executed flawlessly through wildly shifting market conditions to successfully complete the transaction,” stated Brian Phillips, executive chair and co-founder of MedShift, said in the news release.

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