Prodigo raises $5M, investing in staff, product development

Prodigo Solutions has raised$5 million from investors and has earmarked the capital for growth, confirmed Joseph Mayernik, executive chairman. The Cranberry-based integrated supply chain company, created by UPMC in 2008, enables hospitals to control spending on supplies through contract automation. Alliance Healthcare, a Scottsdale, Ariz.-based private equity firm, invested $12.5 million in Prodigo in July 2014 for a 51 percent stake in the company. Alliance’s stake has increased, Mayernik said,…
Source: bizjournals.com Health Care:Physician Practices headlines - Category: American Health Authors: Source Type: news