Bedford Funding Raises $1B For Health Care IT Investments

Law360, New York (October 2, 2012, 5:37 PM EDT) -- New York-based private equity firm Bedford Funding raised $1 billion for its second fund, a software-centered investment vehicle that will focus exclusively on health care information technology businesses, the firm announced on Tuesday.

The fund, dubbed simply Bedford Funding II, will ride the wave of Silicon Valley companies looking to develop cloud-based software that can be used to record, analyze and share everything from patient histories to provider performance statistics.

"The fragmented and rapidly consolidating IT marketplace continues to offer attractive special situation opportunities, and, we...
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