Regions

One of the most trusted growth capital partners servicing high finance companies, Mercato Partners, announced the completion of an oversubscribed USD30 million Series B round of financing. The financing was for technology driven healthcare distributor Ingram Medical.

Leading the funding round were strategic investors such as Intermountain Healthcare, a healthcare system that is internationally recognized as wells as global hedge fund StepStone Group. There were also limited partners who participated in the funding round.

Ingram Medical provides a platform for chronic care product sales. With this funding, the company would be able to sustain its growth and expand as well to other chronic care areas of the business. In the past two years, the company was able to generate 400% growth in its customer base, utilizing a highly automated sales process and top notch customer service methods.

According to Mercato Director and now Ingram Medical Board Member Alison Wistner, "By nearly every measurement from net margin to customer satisfaction, Ingram Medical is the most effective and efficient consumer healthcare distribution business we have ever seen. We are always searching for companies that have a blend of experienced teams, strong sales execution and differentiated technology platforms. Ingram Medical has all three."