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Elder Health draws $16M.

The Daily Deal

| March 28, 2003 | COPYRIGHT 2003 The Deal LLC. (Hide copyright information)Copyright

Byline: Andrew Morse

Elder Health, a Baltimore-based health maintenance organization that serves low-income seniors, raised $16 million in a Series F financing round, investors in the company said Thursday, March 27.

Returning existing investors include New Enterprise Associates of Baltimore and Coleman Swenson Booth Inc. and Salix Ventures, both of Nashville. Conning Capital Partners of Hartford, Conn., also participated in the funding, and Michael Aspinwall, a Conning partner, will join Elder Health's board.

Elder Health, which focuses on preventative medicine and treatment, serves "dual eligible" senior citizens -- seniors entitled to both …

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