Sarasota health care IT firm scores $36M investment

SARASOTA — Mobile health care communication firm Voalte scored a $36 million capital investment from Bedford Funding, a $1.4 billion technology-focused private equity firm.

The investment is the latest triumph for fast-growing Voalte, which stands for voice, alarm and text, and is pronounced like “volt.” The firm's core application, Voalte One, enables nurses and hospital employees to improve communications. More than 35,000 caregivers in a host of top-ranked medical centers, including Massachusetts General Hospital, Cedars-Sinai Medical Center in California and Lurie Children's Hospital in Chicago, use the firm's applications.

“The value of smartphones in healthcare is undeniable,” Voalte co-founder and President Trey Lauderdale says in a release. “We are thrilled to work with Bedford Funding to deliver solutions that will accelerate market growth, transform the way caregivers communicate and improve patient care. This investment also provides us with the resources to grow our company, further expand our engineering team, and build out our services and support.”