SEATTLE, May 5, 2015 /PRNewswire/ — InDemand Interpreting, a leading provider of Video Remote Interpreting (VRI) and other language services to healthcare, announced that it has raised $4 million in additional equity from private equity firm Health Enterprise Partners and Providence Ventures and $3 million in debt financing from Square One Bank. This money will be used to further fuel InDemand’s rapid expansion and growth.
“We continue to invest in InDemand because we are very excited about both the opportunity and the incredible momentum the company is experiencing, and believe that with this additional capital the company can grow even faster,” said Rick Stowe, Founding Partner for Health Enterprise Partners. “InDemand is redefining the way healthcare providers communicate with their limited-English proficient and Deaf patients—supporting better outcomes.”
The capital expansion will be used for additional research and development, as well as expansion of the sales force, to continue to strengthen InDemand’s delivery of language services to healthcare organizations of all sizes.
Over the last three years, InDemand Interpreting has been recognized by Inc Magazine as the fastest growing language services company in the industry. It was also recently honored as the 28th fastest growing business within its home state of Washington and as one of the top language services companies in North America by Common Sense Advisory. Now serving approximately 500 health care facilities every day, the company’s nimble technology and strong commitment to providing quality language services is improving clinical experiences for Deaf and LEP patients across the U.S.
“This capital expansion will support our vision to ensure that every patient in every medical setting receives the highest quality healthcare, regardless of language, cultural background or disability,” said InDemand Interpreting CEO Jim Ewel. “Through our continued growth, we consistently provide the highest quality medical interpreting in the industry.”
About InDemand Interpreting
InDemand Interpreting was founded in 2007 with the vision of ensuring that every patient receives the highest quality healthcare, regardless of language, cultural background or disability. By delivering the most experienced medical interpreters and highest quality video technology InDemand Interpreting provides doctors, nurses and clinicians the language access they need to provide the best possible care. Visit InDemand at http://www.indemandinterpreting.com.