| KBL in the News |
iPhysicianNet SECURES $36 MILLION INVESTMENT
Scottsdale, AZ, September 28, 2000
iPhysicianNet, the leading provider of services connecting pharmaceutical companies and physicians utilizing its unique real-time, face-to-face videoconferencing application, announced that it has successfully secured a $36 million investment from an investor group led by KBL Healthcare Ventures and Patricof & Co. Ventures.
Other investors in this oversubscribed private financing included Cardinal Health Partners, Fireman's Fund Insurance Company, Veron International, and Valley Ventures.
Following this successful financing, and in the light of current adverse IPO market conditions, iPhysicianNet has withdrawn the registration statement that it filed with the Securities and Exchange Commission in February.
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