Telstra invests in IP Health

Monday, 05 August, 2013

Telstra invests in IP Health

Telstra has made moves to bolster its new health business unit by investing an undisclosed sum in Australian medical record software vendor IP Health.

IP Health’s core product is Verdi, a suite designed to aggregate patient records from across a hospital’s systems for clinicians and hospital administrators. The aggregated records can be accessed through mobile devices.

Telstra made the investment through its venture capital arm Telstra Ventures.

The unit’s managing director, Matthew Koertge, said the investment “fits with Telstra’s new health business unit by complementing our existing mobility and hosting solutions and expanding our offering to hospitals”.

In May, Telstra and Seven West Media arranged to jointly invest $10.4 million in online health directory HealthEngine, with each providing half of the total.

Telstra’s ASX-listed shares increased 0.8% to $5.060 in Friday’s trading after the investment was announced.

Image © BrokenSphere / Wikimedia Commons

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