Several area companies have had recent success in raising capital to further their corporate missions and expand services and research. NuSirt Biopharma, which helps those with chronic metabolic diseases, raised $6 million in Series C financing. Online healthcare marketplace MDsave, co-founded by industry veteran Paul Ketchel, announced its first institutional investment of $12 million from New York-based MTS Health Investors. The web-based company, which allows consumers to compare the costs of healthcare services and includes Sen. Bill Frist, MD, on its board, raised a total of $14.1 million in this round of financing.
Nashville-based Heritage Group recently secured $100 million in commitments to invest in a second fund focused on companies seeking to improve the delivery and efficiency of healthcare. The Heritage Group, led by Rock Morphis, David McClellan and Paul Wallace, launched its first Healthcare Innovation Fund in 2011.