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  • Steven Woda

Grotech Portfolio Company, MEDecision, Files for its IPO

One of buySAFE’s investors is Grotech Capital located in Timonium, Maryland. It looks like Grotech might well have exit with one of its investments, MEDecision.

In Red Herring’s August 18, 2006 IPO Watch, it was reported that MEDecision recently filed to do its IPO. MEDecision is in Wayne, Pennsylvania, and the firm provides software to healthcare payers that enables them to improve quality, affordability and administrative efficiency. Its customers include physicians and health insurance companies. MEDecision is hoping to raise $94.8 in new capital.

Other major investors include Stockwell Fund, Liberty Ventures, DWS Investment GmbH, and Britannia Holdings Limited.

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