MyKidsDoctor To Merge With GoToMyDoc.com, Inc. and $25 Million In New Funding
AVON, CT/March 22, 2000 - MyKidsDoctor, Inc. and GoToMyDoc.com, Inc., two companies serving different physician specialists and their patients with similar Internet-based services, announced today that they have merged. The new company will be named GoToMyDoc, Inc. and has received $25 million in new financing from several venture capital investors.
MyKidsDoctor served the pediatric market, while GoToMyDoc.com served the ob/gyn market. Both were incubated inside of leading specialty physician practice management companies, and both offer physicians and their practice staffs tools to communicate better with patients, to provide personalized health care information over the web, and to improve the efficiency of physician office operations.
"We are the first company to offer interactive web-based services to both the ob/gyn and pediatric markets, and to do so with the experience of having operated hundreds of physician practices serving hundreds of thousands of patients," said Skip Creasey, president of MyKidsDoctor, who will serve as president and chief executive officer of the merged company. "GoToMyDoc will permit people to interact more effectively with their physician's offices while at the same time accessing detailed information on a strictly confidential basis from a source they know and trust. Our new company arms the physician with the Internet tools needed to serve patients better," he added.
MyKidsDoctor was launched in the Fall of 1999 by Kelson Pediatric Partners, Inc., the nation's largest pediatric practice management company, while GoToMyDoc.com was launched in early 2000 by Women's Health USA, Inc., which manages the nation's largest women's health group practice of 140 ob/gyns. Both companies are based in the Hartford, Connecticut area. "The fact that women serve as the primary health care decision makers for their families, in particular their children, and that women themselves are the largest consumers of health care services, make this combination particularly powerful," said Robert E. Patricelli, chief executive officer of Women's Health USA, who will also serve as the chairman of the new company. "Having both parent companies based in or around Hartford makes this a particularly synergistic merger," Patricelli added, noting that additional physician specialties may be added later.
GoToMyDoc will be launched with $25 million in venture capital funding, principally from eight national venture capital firms: Bessemer Venture Partners, Delphi Ventures, E.M. Warburg, Pincus & Co., InterWest Partners, Marquette Venture Partners, Pacific Venture Group, PNC Capital Corp., Sprout Group. In addition to Creasey and Patricielli, the senior management team includes Mark Bush, chief operating officer, and Jeff Kinell, chief financial officer.
GoToMyDoc already has over 500 enrolled physicians and thousands of registered patients. The pediatric product, which can be found at MyKidsDoctor.com, provides support for pediatricians, their practices, patients and parents in assuring healthy development and optimal medical care for children. The web site strengthens the parent/pediatrician relationship by extending the practice to the desktop of parents. Subscribers to the site can access their child's personal health care records, schedule appointments, track immunizations, request prescription refills, and request answers to medical and developmental questions. Additionally, MyKidsDoctor.com provides pediatricians and practice managers with the tools they need to reduce time spent on high-cost administrative functions.
The ob/gyn product, located at GoToMyDoc.com, is a comprehensive Internet service that is designed specifically by and for ob/gyns and their patients. It offers practice management tools designed specifically by ob/gyns; patient information and education, including information customized to a woman's own needs; and Internet linkages to simplify patient interaction with her doctor's office for routine matters such as patient registration, scheduling, prescription refills and lab results.