Foundation Radiology Group Raises $10 Million In Venture Funding Led By Chrysalis Ventures

PITTSBURGH, PA – April 13, 2009 – Foundation Radiology Group (FRG), a provider of diagnostic imaging professional services to hospitals, outpatient imaging centers, urgent care centers, and long-term acute care institutions, announced today that it has raised $10 million in the company’s initial round of venture funding. Louisville, KY-based Chrysalis Ventures, a leading source of equity capital for young growth companies in the Midwest and South, led the Series A round. Health Evolution Partners, LLC, a manager of health care investment funds, and a limited partner in Chrysalis Ventures III, also invested through the Health Evolution Partners Innovation Network (HEPIN).

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