Medical company receives capital injection

Choice Legal, a Tampa-based medical records firm that assists the legal community, has received a seven-figure capital infusion from Stonehenge Growth Equity Partners.

Financial terms were not disclosed, but the investment followed Tampa-based Stonehenge's pattern of injecting between $1 million and $5 million into businesses typically in Florida that generate annual revenues of more than $3 million, the company says in a statement.

“Choice Legal is a leading innovator in the space, and a perfect match, as we look for companies with solid business models that leverage technology and proprietary methods to provide a differentiated product or service in the market,” says Travis Milks, a Stonehenge principal, in the statement.

The deal marks the 21st investment by Stonehenge in a Florida firm, and its eighth of a Tampa area company since its formation in 1999, a sign of the state's “fruitful environment for high-growth and technology-enabled companies,” Stonehenge notes.