Healthcare analytics company MedeFinance raises $50M

MedeFinance, a provider of analytics tools and services to hospitals and health plans, has raised $50 million in a third round of financing. The round was led by Bain Capital, and is a huge increase from the company’s previous two rounds, which included $3 million in all, according to VentureWire.

The Emeryville, Calif. startup says it has more than 700 customers in the United States and the United Kingdom.

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About the Author, Anthony Ha

Anthony is VentureBeat's assistant editor, as well as its reporter on enterprise technology, cloud computing, and tech policy. Before joining VentureBeat in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. You can also follow Anthony on Twitter.