Diagnostics, Financing, Medical device

Ingram Medical in $30 million series B financing round

Posted on 10 September 2013

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Mercato Partners has led an oversubscribed $30M Series B round of financing in Ingram Medical, a technology-enabled healthcare distribution business.

Mercato brought together a group of strategic investors for the series B financing round, including Intermountain Healthcare, an internationally recognized healthcare system, StepStone Group, a global private equity firm and other limited partners.

At its core, Ingram Medical is a chronic care product and sales platform. This series B financing and partnership will enable the company to continue its rapid growth and expand in other chronic care groups.

The company has generated over 400% growth in its customer base over the past two years, driven by a highly automated sales process and exceptional customer service approach.

This year Ingram Medical was named one of Utah's fastest growing companies by Utah Business magazine and the founders were awarded the Ernst and Young Entrepreneur of the Year in the Utah region.

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