Company behind valued at €62m after major US firm invests

ResMed, a healthcare business with 8,000 staff, invested €7m in the Dublin organisation

Alan Foy, chairman of VentureWave Capital (left) and David Crimmins, CEO of Medihive. Picture: Maxwells

Medihive, a health technology platform, has been valued at €62 million following an investment from ResMed, a major US healthcare equipment firm.

Medihive said the €7 million investment will be used to expand internationally, invest in R&D and accelerate healthcare software developments. The company currently employs 130 people and it is expected this number will now increase by a further 25 employees.

Medihive provides software and clinical solutions to the healthcare, pharmacy and insurance industries, ...