Medical Software Company Lands Investment

The company, which creates software that tracks the location and status of surgical instruments in healthcare facilities, says the funding will allow it to double its workforce to about 10 employees.

Source: Inside INdiana Business

Press Release

Carmel – TGX Medical Systems LLC has announced that it has received a large investment from Mutual Capital Partners, an institutional investment firm based in Cleveland, Ohio.
While financial specifics were not released, TGX Medical Systems Chairman & CEO, Michael Good, categorized the investment as “a financially significant investment.”

“This capital infusion will give us a tremendous boost as we continue growing TGX Medical Systems,” added Good. “As an Indiana-based technology company, we are excited about the opportunities this will afford us in our home state and throughout North America.”

Headquartered in Carmel, TGX Medical Systems creates software that tracks the location and status of surgical instruments in hospitals, surgery centers and healthcare facilities, ensuring effective instrument processing and control of expensive and critical healthcare equipment.

Good said that he expects to more than double the number of employees over the next 12 months.

TGX Medical Systems primary software is Alex Gold. Alex is the first web-based asset management software on the market. The purpose is to provide a baseline for infection control, track instrument usage throughout their lifecycle, and report on employee productivity in a healthcare facility. It ensures proper sterilization methods are being used while maintaining biological records electronically – at the same time providing substantial cost benefits to the facility.

TGX Medical Systems designs, develops and markets software solutions for medical asset management and tracking. These web-based systems work with specialized hardware supplied by major integrators. They are sold to small, medium and large-sized hospitals and medical facilities. TGX Medical Systems' products are distinguished from competition by their sophisticated interfaces, scalability and ease of modification. The company’s web site is www.tgxmedical.com.

Source: TGX Medical Systems