$2.5M from fund is part of $6.5 refinancing for CMHC
June 4, 1999 less than 1 minute read
$2.5M from fund is part of $6.5 refinancing for CMHC
CMHC Systems (Dublin, OH), a provider of integrated information management technology for the behavioral health and human service industry, has executed a $2.5 million investment agreement with River Cities Capital Fund II (Cincinnati) as part of a $6.5 million refinancing package that includes funds from Finova Mezzanine Capital, Silicon Valley Bank, and Provident Bank.
CMHC will use the funds to accelerate its product development and marketing programs and pursue select acquisitions.
River Cities is a $145 million family of venture capital funds which invests in information technology, healthcare and telecommunications companies in the Midwest and Southeast."
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