Champion Medical Technologies bagged a "multi-million dollar investment" from private investment company Jump Capital. The exact amount was not divulged.The privately-held medical software applications firm said it would use the funding to enhance its sales and customer support services. It would also use the funds to improve its patented technology that has revolutionized the medical device tracking niche.
Champion Medical's product, RecallConnect, was a recipient of the Chicago Innovation Award. RecallConnect is a recall automation service. It provides automatic matching of medical devices that have been recalled to hospitals and patients that had received the recalled devices. The medical software does not only save hospitals time tracing the recalled heart valves, stents or implants, among others. It also enhances the safety of patients since they are informed of the recall more quickly.
Champion Medica's Chief Executive Officer Peter Casady said he is excited at the partnership. "This investment will allow us to expand our sales and development teams to fulfill our important mission of reducing patient risk while improving efficiencies in healthcare" he added.
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