Local immunization data venture MedPass Health has raised $760,000 from its founders and seven angel investors and aims to grow its staff to 20 from today's half dozen over the next year. CEO Hallett Ogburn and his team also have struck a partnership with the University of Alabama Management Information Systems program. Milt Capps has that info and more — including another capital raise — here.
The UA alliance helped MedPass develop its initial platform by drawing on a formalized team of six UA MIS students, who each work 20 hours per week, with guidance from MedPass engineers and oversight by a sponsoring faculty member, Joanne Hale, Ph.D. The UA MIS students are now working on MedPass iOS and Android mobile apps, which are to be available by late Summer.
Analysts at Robert W. Baird have launched coverage of HealthStream shares with a 'neutral' rating and a price target of $27. That leaves less than 10 percent of upside from where the shares (Ticker: HSTM) are changing hands today. They're down about 15 percent year to date.
Longtime HealthStream director Tom Dent last week cashed in on some stock options that would have expired in May. Dent, who co-founded PhyCor way back when and now leads three-state clinic operator Urgent Team, exercised 10,000 options at an average price of $3.12 and then sold almost 14,000 shares for more than $25 each. His proceeds from the transactions came to more than $320,000. At about 1:20 p.m. Monday, shares of HealthStream (Ticker: HSTM) were changing hands around $25, down 1.6 percent on the day. So far this year, they're off 15 percent.
Information technology services firm TeamLogic IT has opened a Franklin office that is being led by former Core BTS regional executive Don Warden. The company specializes on providing networking, security, data, email and other tech services to small and mid-sized businesses.
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