VC Doerr taps Ferguson CEO of EMR Play

In its exclusive report, Venture Nashville breaks news about Nashvillian Gary Ferguson's appointment as CEO of a electronic medical record (EMR) and revenue-cycle management (RCM) venture that will have a Nashville office, a St. Louis headquarters and the personal backing of famed VC John Doerr, whose dayjob is leading Kleiner Perkins. There's also background on KPCB in Tennessee and further info about NotifyMD, which Ferguson previously led as CEO.

NotifyMD sales heavy added

NotifyMD, the healthcare voice-communications provider, announced today the appointment of Ray DeArmitt as EVP-Sales. The release said, in part, "DeArmitt’s previous experience in healthcare includes executive level positions at Allscripts-Misys Healthcare and Emdeon.... DeArmitt earned his bachelor's at James Madison University in Harrisonburg, Va. VNC believes the search was handled by Buffkin Associates.

Council Ventures says NotifyMD exit profitable

Council Ventures announced today that its previously announced exit from Franklin-based NotifyMD was a cash deal and profitable, providing a "good return for our fund," according to General Partner Katie Gambill (at left). She told VNC the exit was the seventh from the 10-company portfolio of Council's first fund. She said that through its second fund, Council has thus far invested in two companies, the identities of which have not been disclosed. Since 1986, NotifyMD has provided call management services to physician group practices, hospitals, and integrated health systems. Coleman Swenson Booth and Jefferson Capital remain as investors in NotifyMD, following the recapitalization, with members of the management team. Noteworthy: Council's release about its profitable exit was disseminated by Jane Morris, co-founder of the Natick, Mass.-based Veritage Group, which is supporting Council Ventures' latest fund raise. Also as previously signalled, former NotifyMD CEO Gary Ferguson was succeeded by former COO John McDevitt, coincident with the recap and Council exit. Gambill previously served on the NotifyMD board.