Here's the news: http://www.kfpefund.com/images/uploads/Press_Release_on_iRhythm_Series_C_Extension_Financing_FINAL_2011_10_17.pdf And here's Kaiser Permanente Ventures' Investment Criteria, which is why this news is big: http://www.crunchbase.com/financial-organization/kaiser-permanente-ventures CN and LW are up to their eyeballs with SEC and DOJ inquiries and here's iRhythm getting some major funding by a typically finicky venture arm....
The only problem I see is that now Kaiser Foundation can not use the product. Wouldn't it be conflict of interest?
Well this is publicly available information so it's not like Kaiser is trying to prevent any disclosure. Besides, KPV's aim is to "improve quality, service and affordability for KP members." They're investing in it because they believe it's a superior option of care for their customers.
