HealthCure is a startup looking for funding, but not one desperate to land it. The Ann Arbor-based healthcare firm, which also has an office in Detroit, is on the precipice of landing a Series A investment later this spring.
"We are very close," says Mark Arizmendi, CEO of
HealthCure.
Arizmendi expects that round to amount to $2 million in seed capital. That money will help fund the firm's expansion across the Midwest later this year. HealthCure has already secured a couple of customers, giving it some breathing room on the funding front.
"We made a profit in 2015," Arizmendi says. "We are not falling over ourselves to make a bad deal."
HealthCure platform helps hospitals reduce the risk of healthcare-associated infections. Its software team works with the staff of medical centers to find places where infections can be prevented, and helps the institution meet Affordable Care Act benchmarks.
The 6-year-old company is looking to land customers through its pilot programs, a strategy that worked with
Oakwood Healthcare System last year. HealthCure is currently working on another pilot program it is optimistic about, and aims to land another 3-4 customers in 2016.
"We want to focus on the upper Midwest right now," Arizmendi says. "We want to be in our natural constituency to start."
This past year, HealthCure hired one person in customer relations. It now has a staff of 10 employees and is already preparing to accommodate its expected growth.
"As soon as that pilot is finished we will be hiring," Arizmendi says.
Source: Mark Arizmendi, CEO of HealthCure
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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