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.

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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