StrataCare Gains Funding

Irvine-based StrataCare, a provider of Internet-based software for managing worker's compensation payments, announced this morning that an investment group has acquired an ownership stake in the firm. According to StrataCare, the group, led by Paul Glover, is backed by SV Life Sciences Advisors LLp and Beecken Petty O'Keefe & Company. Amount of the investment was not disclosed. Stratacare was founded in 1998, and is used by insurance companies, third party administrators, managed care companies, and self-insured employers to manage their worker's compensation payments. More information »