health IT innovation

Medsphere Systems Corporation...today announced the closing of $32 million in financing from Morgan Stanley Expansion Capital and East West Bank. The company will use the funds to address accelerating demand for Medsphere's comprehensive suite of healthcare IT solutions and services, and for strategic acquisitions. "Medsphere's breadth of offering combined with their depth of functionality and overall affordability differentiates it from the rest of the industry," said Bill Reiland, Managing Director of Morgan Stanley Expansion Capital and Head of Morgan Stanley Expansion Credit. "The company is a true innovator, giving hospitals and clinics the workflow and technology they need at prices they can pay. We're excited to invest in Medsphere as they continue to share their unique offering with healthcare organizations."

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