Plantation, FL & Greenwich, CT, Nov. 13, 2013 (GLOBE NEWSWIRE) -- Health Revenue Assurance Holdings Inc. ("HRAA" or "The Company") (OTCQB: HRAA) today announced that it closed a strategic $5.4 million investment round through Great Point Partners, LLC (GPP) with Ascendiant Capital acting as financial advisor to fuel the expansion of its Medical Coding and ICD-10 Transition Solutions. HRAA is extending its proven services from individual hospitals and small chains to large integrated health systems. This round of funding also brings deep relationships through GPP's portfolio of healthcare companies and as part of their investment, Great Point Managing Director David Kroin will join HRAA's Board of Directors. Mitchell Kaye, former Founder and Chief Executive Officer of MedClaims Liason and current Managing Director at BVF Partners, will also join the Board of Directors.
Health Revenue Assurance Holdings, Inc. Closes Strategic $5.4M Equity Investment
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