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Venture Beat – June 26, 2014

On the same day Salesforce and Philips announce a large venture to put clinical data in the cloud, another company with similar ideas announces a large cash infusion.

Coincidence, yes — but it also indicates the importance of managing medical data online.

CareCloud, which provides cloud-based practice management, electronic health records (EHR), and medical billing software to medical groups, says it’s taken $25.5 million in new venture debt financing from Hercules Technology Growth Capital.

Miami Springs, Florida-based CareCloud has now taken a total investment of $81.9 million since its launch in 2009. Before the new debt funding it had taken $56.4 million in venture capital funding.

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