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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe angel investor network managed by information technology trade group TechPoint has invested an undisclosed amount in Indianapolis-based PolicyStat.
PolicyStat is a software-as-a-service company that helps health care companies manage their policies to achieve regulatory compliance and improve care.
HALO Capital Group, which is managed by TechPoint, typically invests between $250,000 to $2 million in upstart companies. HALO has invested $12.5 million in the last 20 months.
PolicyStat is headed by Steve Ehrlich, who is better known for his former roles at IT firms Aprimo and Software Artistry. Ehrlich has a “track record for building profitable, high-growth companies,” said TechPoint President Jim Jay.
“PolicyStat is another in a long line of home-grown Indiana companies that have carved out valuable niches in the health care information space,” said Mark Hill, a participant in HALO and chairman of TechPoint’s board.
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