Thursday, October 5, 2006

MedServe Gets $70M

Houston, Texas-based MedServe has raised $70M in funding, the firm reported today, from Avista Capital Partners and its existing ivnestors Chrysalis Ventures, Murphree Venture Partners, Cogene Biotech Ventures, and Erasmus Louisiana Growth Fund. $50M of the funding came from Avista, with the remainder from existing shareholder commitments and debt conversion. MedServe is consolidating firms in the medical waste industry. More information »