Tampa General Hospital backs $27M financing round for virtual care and analytics company

TGH Innoventures, Tampa (Fla.) General Hospital's innovation center and venture fund, joined in a $27 million financing round for Medical Informatics Corp., a virtual care and analytics company.

MIC's flagship product, the Sickbay platform, transforms and processes data from bedside devices into the EHR. The financing includes a $17 million series B financing round and an additional $10 million in debt financing, according to a Nov. 29 MIC news release.

Catalio Capital Management and Intel Capital co-led the financing round.

"TGH Innoventures was established to provide a coordinated mechanism to develop innovative solutions to improve quality and access to care," Rachel Feinman, vice president of innovation at Tampa General Hospital and managing director of TGH Innoventures, said. "The ability to integrate data generated by disparate devices and remotely access comprehensive patient data opens new opportunities for the patients we serve."

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