About iMedX
iMedX is a Healthcare company based in Atlanta (United States) founded in 2002 by Venkat Sharma, and was acquired by Rapid Care in June 2023. Revenue cycle management platform is provided to healthcare providers. iMedX has raised $22.28 million across 5 funding rounds from investors including Ventureast, RFE Investment Partners and Rapid Care. iMedX has completed 6 acquisitions, including Axcension, G2N and MedWrite. Its Indian entity Imedx Information Services Private Limited reported revenue of ₹31.29 Cr. Its focus areas include HealthTech, Healthcare IT, Provider and Administrative Solutions. Its competitors include Centivo, Xifin and Infinx; 2 of its 3 listed competitors have raised funding.
Company details
iMedX was founded in 2002 in Atlanta, United States, and operates in the healthcare sector. A web and mobile-based platform is offered for revenue cycle management to hospitals and providers. Medical transcription and coding services are included among the solutions. Acquisitions such as G2N, Abacus Transcriptions, Medwrite, Superior Global Solutions, and National Medical Transcription have been completed. The 2015 ACG Atlanta Georgia Fast 40 award was received.
- Headquarters Atlanta, United States
- Founders Venkat Sharma
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website imedx.com
- Social LinkedIn X Facebook
- Acquired by Rapid Care (Jun 2023)
- Legal Name Imedx Information Services Private Limited
- Date of Incorporation 22 Feb, 2005
- Jurisdiction Hyderabad, Telangana, India
- Indian entity revenue₹31.29 Cr
FY 2023 · +21% YoY
- Indian entity net profit₹3.15 Cr
FY 2023 · 10% margin
- Indian entity EBITDA₹3.44 Cr
FY 2023 · 11% margin
- Total Equity Funding$22.28M (USD)
in 5 rounds
- Latest Funding Round$4.03M (USD), Series B
Dec 2013
- InvestorsVentureast
& 2 more
- Investments & AcquisitionsAxcension
& 5 more
- Acquired byRapid Care
(Jun 2023)
Associated legal entities of iMedX
iMedX operates through Imedx Information Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Imedx Information Services Private Limited CIN U72400TG2005PTC045430 | Active | 22 Feb 2005 | Hyderabad, Telangana | ₹31.3 Cr | 126 | 2 | View details |
Funding Insights of iMedX
iMedX has successfully raised a total of $22.28M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $4.03 million completed in December 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $22.28M
- Total Rounds 5
- Last Round Series B — $4.03M
- First Round $13.3M
(Jul 2009)
- Investors Count 2
All 5 funding rounds of iMedX with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2013 | $4.03M | Series B | – | – | |
| Oct 2011 | $950,000 | Series B | – | – | – |
| Jan 2011 | $2.5M | Series B | – | – | – |
| Sep 2010 | $1.5M | Series B | – | RFE Investment Partners | – |
| Jul 2009 | $13.3M | Series B | – | – | – |
3 investors in total: 3 institutional.
Investors in iMedX
iMedX has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Ventureast, RFE Investment Partners and Rapid Care.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments are managed from the United States. | rfeip.com | New Canaan, United States | ||
Venture capital investments in technology, healthcare, and clean environment sectors since 1997. | 1997 | ventureast.net | Bengaluru, India | |
| rapidcare.net |
Investor details for iMedX
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
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Board of directors of Imedx Information Services Private Limited (iMedX)
Imedx Information Services Private Limited is the primary company behind iMedX. The board of Imedx Information Services Private Limited currently have 2 directors; the longest-serving is Kshatrapati Bali Karan Singh, appointed in 2016. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kshatrapati Bali Karan Singh DIN 07645604 | Managing Director | 27 Oct 2016 | 10 yrs | Imedx Information Services Private Limited |
| Joseph Raymond D’Angelo DIN 09760369 | Director | 10 Oct 2022 | 4 yrs | Imedx Information Services Private Limited |
People of iMedX
3 people are tracked at iMedX (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder | Leadership | |
Alexander Zacher | Managing Director | Leadership |
Will Powers | Director Of Sales | Leadership |
Complete people profiles for iMedX
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- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Financials of iMedX
Figures of Imedx Information Services Private Limited, the primary company behind iMedX, for FY 2023. Revenue was ₹31.29 Cr (+21% year on year). Net profit was ₹3.15 Cr (10% margin). EBITDA was ₹3.44 Cr (11% margin). Revenue has grown at a compounded annual rate of -5% over three years and -2% over five years.
- ₹31.29 CrRevenue · FY 2023 · +21% YoY
- ₹3.15 CrNet profit · 10% margin
- ₹3.44 CrEBITDA · 11% margin
- ₹1.74 CrPaid-up capital
- 126Employees (provident fund records)
- -5%Revenue CAGR, 3 years
- -2%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Imedx Information Services Private Limited are on its company page.
Detailed financial statements for iMedX
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
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Investments & Acquisitions by iMedX
iMedX has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Axcension, G2N and MedWrite.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Vendor risk management solution provider | prevalent.net | Warren, United States | 2004 | Jul 2019 | •••• | |
Web-based applications and services are developed and delivered. | axcension.com | Sugar Land, United States | 2003 | Jul 2019 | •••• | |
Medical dictation and transcription services are provided in Australia. | ozescribe.com.au | Melbourne, Australia | 1999 | Jan 2016 | •••• | |
Limited information is available on G2N's core activities. | g2n.org | St. Louis, United States | 2015 | Dec 2015 | •••• | |
Customized scientific and medical communication services are provided. | medwrite.com | Newport Beach, United States | 2002 | Nov 2014 | •••• | |
Established in 1996, operations are based in Cortland, United States. | theinneroffice.com | Cortland, United States | 1996 | Mar 2012 | •••• |
Complete acquisition details for iMedX
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- Deal sources
- Complete history
- Exports
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Timeline of iMedX
10 dated milestones of iMedX across 21 years, from founding to its latest funding, stage changes and deals.
- Founded iMedX is founded.
- Funding First funding round of $13.3M.
- Acquisition Acquires The Inner Office.
- Funding Latest funding round, Series B, of $4.0M.
- Acquisition Acquires MedWrite.
- Acquisition Acquires G2N.
- Acquisition Acquires OzeScribe.
- Acquisition Acquires Prevalent.
- Acquisition Acquires Axcension.
- Exit Acquired by Rapid Care.
Competitors of iMedX
iMedX has 3 listed competitors in our database, 2 of them funded. They include Centivo, Xifin and Infinx.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| centivo.com | 2017 | New York, United States | $224M | 212 | Provider of self funded health plan | |
| xifin.com | 1997 | San Diego, United States | $6M | 861 | Cloud-based billing & revenue cycle management solutions for diagnostic service providers | |
| infinx.com | 2010 | San Francisco, United States | 6,350 | Revenue cycle management platform for healthcare is provided. |
Detailed competitors of iMedX
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of iMedX
The website of iMedX (imedx.com) receives about 6.9K visits a month.
- Monthly visits6.9K
▼ 47.5% vs previous month
Websites whose visitors overlap most with iMedX. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
medicaltranscriptionservicecompany.com | medicaltranscriptionservicecompany.com | 100% | #4,863,651 | – | |
| alamo-trans.com | 84% | View details | |||
transcriptionplus.net | transcriptionplus.net | 84% | – | ||
wmtsv.com | wmtsv.com | 83% | – | ||
teletouchtranscriptionservices.com | teletouchtranscriptionservices.com | 83% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for iMedX
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 10 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as iMedX (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Related news about Imedx
Complete news archive for iMedX
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Frequently Asked Questions about iMedX
iMedX was founded in 2002 and raised its 1st funding round 7 years after it was founded.
iMedX is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
iMedX is a funded company, having raised a total of $22.28M across 5 funding rounds to date. The company's 1st funding round was a Series B of $13.3M, raised on Jul 2009.
The primary company behind iMedX, Imedx Information Services Private Limited, reported revenue of ₹31.29 Cr for FY 2023, up 21% year on year.
iMedX was founded in 2002 in Atlanta, United States, and operates in the healthcare sector. A web and mobile-based platform is offered for revenue cycle management to hospitals and providers. Medical transcription and coding services are included among the solutions. Acquisitions such as G2N, Abacus Transcriptions, Medwrite, Superior Global Solutions, and National Medical Transcription have been completed. The 2015 ACG Atlanta Georgia Fast 40 award was received.
iMedX has 3 investors. Key investors include Ventureast, RFE Investment Partners, and Rapid Care.
iMedX operates through Imedx Information Services Private Limited.
Yes. iMedX was acquired by Rapid Care in June 2023.
The legal entities of iMedX currently have 2 directors, including Kshatrapati Bali Karan Singh, Joseph Raymond D’Angelo.