MediKeeper Closes Series A Financing Round with PacifiCap as Lead Investor

SAN DIEGO, Oct. 12 /PRNewswire/ -- MediKeeper (http://www.medikeeper.com), a leading provider of technology solutions for the health and wellness industry, has closed its Series A investment round led by Hawaii-based venture capital firm PacifiCap.

MediKeeper was started in 2003 by a team of entrepreneurs and medical professionals with the purpose of making medical records secure, mobile, and accessible online. Beginning with its flagship Personal Health Record (PHR), the company provides a comprehensive suite of customized patient-centered management tools.

Its complete line of web-based health and wellness tools has gained favor with a range of employers, governments, health providers, health plans, and consumers. MediKeeper recently announced the signing of South Dakota's entire state employee base to a three-year contract extension. MediKeeper was also rated as one of the top two privately owned PHR companies in the country in a recent MarketIntellNow report.

"Everyone has a stake in the healthcare marketplace," explained MediKeeper CEO Dr. Bruce Tarzy, "but each stakeholder's need is different. We develop customized solutions for clients, integrating personal health information with risk and experience data, as well as health content."

Headquartered in Honolulu, HI, PacifiCap is a leading US and Asia-Pacific focused venture capital firm investing in technology and other emerging growth companies. Founded in 2000, PacifiCap holds a stake in companies with operations in Hawaii, the US mainland and Asia. PacifiCap is the largest locally based venture capital firm in the state of Hawaii.

"We like MediKeeper's patient-centered, best-of-breed partnership approach to this market segment," said PacifiCap principal Dew-Anne Langcaon. "We were introduced by clients who utilize MediKeeper products themselves and are thrilled with their products and service."

As part of the investment, MediKeeper is establishing a Research and Development lab in Hawaii. "Hawaii is an ideal setting for the early deployment of innovative healthcare products. PacifiCap believes that funding MediKeeper's R&D unit in Hawaii is an important step in leveraging Hawaii's competitive advantage and promoting economic diversification," said Jeffrey Au, Managing Director for PacifiCap.

"All stakeholders -- employers, payers, providers, and end-users -- are seeking ways to improve the quality of care while reducing costs. Our products use technology to improve health and wellness through the management of information," said Tarzy.

Tarzy added, "Our partnership with PacifiCap gives us the opportunity to expand on our leadership in technology to meet the demands of this marketplace."