M1T, an American business active in the Health Care industry, has made an investment of $3.4 Million in Cloud Medical (“Cloud”), completing the company series A round. Cloud is a Healthcare IT company focused on deploying hardware and software systems that will minimize inefficiencies related to compliance and auditing, giving providers more control over medical procedures, processes and records.
“The mission of Cloud is to provide the healthcare industry with technologies that will result in safer and more affordable healthcare. Cloud will be the first company of its kind, operating independently to partner with, and support providers with top-tier technology and the information management systems required to compliment electronic medical records and the tools to identify and cut expenses,” said James Nicholson, Senior Advisor to Cloud Medical. James was the original co-founder of Mitek, which ultimately became DePuy Mitek of DePuy Synthes, a Johnson & Johnson Company.
James Nicholson is the newly appointed CTO of Cloud and Chair of M1T Healthcare Capital Partners, a fund dedicated to backing technology enabled Healthcare companies. With the successful close of a $3.4 Million dollar round, Cloud will target facilities in need of technology improvements in primary markets throughout the United States. Cloud plans to optimize case coverage of medical procedures through real time data and video monitoring in healthcare facilities nationwide.
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