Thursday, March 11, 2010

IT innovator leaves VC holding Linnaeus

Former Linnaeus Inc. CEO Sal Novin and a partner left that venture-backed company to build a new venture around Novin's intellectual property, embodied in Novin's Health Mason claims-paying and process-automation tool. Novin's new company is Healthcare Productivity Automation LLC (HPA). NashvillePost.com has the story. New York City-based Capital Health is the VC left owning Linnaeus, with no Novin. New York City-based Capitol Health CHP II management company CEO Joe Kelly has not returned a VNC call placed Thursday evening. The State's corporation database indicates that Novin's attorney may be Chris Sloan of Bradley Arant Bolt Cummings. Sloan is Chair-elect of the Nashville Technology Council.

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