Consumer Health Advisers Completes Series A Financing and Opens Chicago Office
Bethesda, MD, September 8, 2009 - Consumer Health Advisers, Inc. (CHA), a pioneering provider of a
personal ‘electronic medical home'' for employees and dependents of large companies, is pleased to
announce it has completed a Series A venture capital round of $1.15 million and opened a new office in
Investors in the Series A round include HMA Capital Partners, DeWaay Investment Partners and three
individual accredited investors. The $1.15 million raised will be used to continue building out the
Consumer Health Management Center platform, expand current sales and marketing initiatives, and
provide funding for infrastructure development.
Jay Rosen, President of HMA Capital Partners, noted, "We have confidence that CHA will make a major
contribution to consumerism in health and healthcare. Public plan sponsors as well as large employers
will increasingly adopt technology of this type in the near future." Adam Claypool, Managing Director of
DeWaay Investment Partners, stated, "For consumers, it is increasingly important to be able to manage
both their healthcare and related costs. CHA facilitates this engagement by empowering consumers
with information and advice. We believe that CHA is positioned to quickly become a leader in this
CHA''s new Chicago office is located at the University Technology Park at IIT (Illinois Institute of
Technology). The Technology Park is an excellent fit for CHA, offering an active and engaged technology
focused community and providing access to many resources including research, applied engineering and
business development. The Chicago office will support CHA''s development program as well as sales and
marketing initiatives in the Chicago area and the broader Midwest region.
"We are excited by the opportunities provided by our Series A financing. With the completion of our
financing round, we will continue to develop and implement our vision of accelerating health
information flow to the consumer," said Nelson Rosenbaum, CEO of Consumer Health Advisers.
"Opening our new office in Chicago is an important part of CHA''s expansion plan."
Consumer Health Advisers'' new office is located at 10 W 35th Street, Chicago, IL 60616, and can be
reached at 800.259.1320.
About Consumer Health Advisers
Consumer Health Advisers (CHA) is a pioneering provider of on-demand consumer health information-
providing a personalized ‘electronic medical home'' for employees and dependents of large employers.
The Consumer Health Management Center platform automatically consolidates all of the consumer''s
health history -- claims, clinical and financial -- into a single portal. An analytic engine then applies
applicable standards and benchmarks to the accumulated data and generates actionable alerts,
recommendations, reports and decision support tools that guide the consumer to greater engagement
and responsibility. For more information about Consumer Health Advisers, visit us at
About DeWaay Investment Partners
DeWaay Investment Partners is a Midwest-based venture fund, investing in early stage companies. The
Fund targets investments in capital efficient, highly differentiated companies - primarily in the
technology industry. The Fund is affiliated with DeWaay Investment Banking, a leading provider of
M&A, corporate finance and commercial real estate finance services to lower middle market companies.
DeWaay Investment Banking is a division of DeWaay Financial Network, LLC, member FINRA/MSRB/SIPC.
For more information, please call us at (515) 273-1300.
About HMA Capital Partners
HMA Capital Partners is a Michigan-based capital investment fund that is affiliated with Health
Management Associates (HMA). HMA is a research and consulting firm that is widely recognized as
having special expertise in health care and publicly financed health programs. The Fund was created in
the belief that the expertise and experience that has enabled HMA to become successful creates an
advantage from an investor''s point of view. The Fund seeks opportunities that revolve around
developments and trends in health care, where access to decision makers is critical to the success of the
company, where devising payment arrangements for new products and services is a central issue, or
where the success of the company depends critically on resolving complex regulatory issues. For more
information, please call us at (517) 482-9236.
For more information, contact:
Consumer Health Advisers