Friday, April 9, 2010

Local business briefs: Petra Capital completes investment

Nashville-based Petra Capital Partners said it has completed a $7 million follow-on investment in SpecialtyCare, a provider of outsourced clinical services to hospitals.
With the latest funds, private equity firm Petra has $14 million invested in Nashville-based SpecialtyCare, which is led by former Renal Care Group executive Gary Brukardt.

— GETAHN WARD

Nodality Inc. raises $15.5M in financing

Nodality Inc., a San Francisco-based biotechnology company with a research and development laboratory in Franklin, said it has raised $15.5 million in a new round of financing.

Pfizer Ventures, an arm of Pfizer Inc., and Laboratory Corp. of America Holdings led the round. Other participants included Kleiner Perkins Caulfield & Byers, TPG Biotechnology and Maverick Capital, which like Pfizer previously had invested in Nodality.

Nodality focuses on developing the next generation of personalized medical tests for cancer and autoimmune disease treatments.

— GETAHN WARD



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