MYidealDOCTOR Receives Strategic Equity Investment from ValorBridge Partners

ATLANTA, June 16, 2015 /PRNewswire/ -- Today MYidealDOCTOR, a leading provider of cloud-based telemedicine and mHealth services, announced that it has received an investment from ValorBridge Partners, an Atlanta- and New York-based holding company that invests in leading-edge healthcare companies and adjacent markets. MYidealDOCTOR will use the investment to grow its technology team, expand the functionality of its mobile application, and boost sales and product marketing.

ValorBridge's operating companies include ApolloMD, a multi-specialty physician practice that provides emergency medicine, anesthesia, radiology, and other services to hospitals. ApolloMD has more than 1,000 providers, some of who will be reachable through MYidealDOCTOR. 

"We are thrilled to receive this strategic investment from ValorBridge," said Adrian Davis, CEO and founder, MYidealDOCTOR. "The investment and ValorBridge's healthcare market expertise will allow us to accelerate the delivery of top-notch telehealth solutions in order to give consumers as many options as possible, all while decreasing costs and improving access to care."

ValorBridge Partners will receive a seat on the MYidealDOCTOR board of directors.

"We were impressed with MYidealDOCTOR's growth trajectory and market approach, and immediately recognized how it complements our other healthcare technology investments," adds Christopher Durham, General Manager, ValorBridge Partners. "Consumer demand is making its mark on healthcare, and telehealth provides unmatched convenience and value for patients shopping for care."

In the U.S., nearly two-thirds of Americans own smartphones. Of those owners, 62 percent have used their phone in the past year to look up information about a specific health condition.¹ Using a mobile device to consult with a doctor is a natural extension of this already mainstream behavior.

About MYidealDOCTOR
MYidealDOCTOR Telehealth is a venture-backed mHealth company reinventing the way healthcare is delivered. By blending technology and the best physicians in the healthcare world, MYidealDOCTOR offers a better way to consult and diagnose the issues many face daily. Telehealth will become one of the first access points to healthcare in the future and MYidealDOCTOR is ready. Visit MYidealDOCTOR.com to learn more.

About ValorBridge
ValorBridge Partners provides an entrepreneurial approach to capital management.  The firm has a very simple growth strategy: we strive to grow our capital and add to our revenue base by forming long-term partnerships with public and private companies with a proven track record.  ValorBridge Partners invests in opportunities across geographies, industries, capital structures and company sizes. Visit valorbridge.com to learn more.

¹Source: Pew Research (http://www.pewinternet.org/2015/04/01/us-smartphone-use-in-2015/)

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