Collaborative Medical Technology Corporation Secures Investments from Two Prominent Medical Specialists

Funds will help expand cloud-based medical collaboration platform and apps

PARAMUS, NJ, November 20, 2013 – Collaborative Medical Technology Corporation (CMT Corp), a healthcare IT innovator, announced today the completion of a bridge financing round to accelerate new customer implementation and scale its global business operations.

CMT Corp offers a cloud-based medical collaboration platform and apps providing best-of-breed solutions for physician-to-physician consultations and second opinions. The CMT Corp Physician Collaboration Platform tools facilitate secure and immediate transfer of organized patient data following established protocols, allowing physicians to collaborate on diagnosis, treatment, and follow up, for exceptional continuity of care. CMTC’s cloud based platform offers unparalleled integration for the expanding healthcare systems of today.

“We are attracting investors who are also highly regarded surgeons, cardiologists and pain management specialists who endorses our mission and propels our efforts forward with additional medical validation,” said Simon Schurr, CEO and Chairman of CMT Corp. “To date, we have had several exceptional and leading edge physicians and specialist using the platform, but these investors represent a new level of interest coming directly from super specialists who comprehend its full potential.”

One of the new investors, Haim Blecher, MD, commented, ”CMT Corp’s cloud based solution is the answer to the current inefficiencies that plague the transfer and efficient use of existing healthcare information. The company is positioned perfectly to answer the increasing demands of our current healthcare system”. Dr. Blecher, a seasoned angel investor, is a spine surgeon who founded University Spine Associates in Princeton, NJ and a Clinical Assistant Professor at the Rutgers -Robert Wood Johnson Medical School.

The other new investor, Adam Sackstein, MD, is Founder and Medical Director of The Pain Management Center, a Prospira Pain Care center of excellence, with offices in Hamilton, Voorhees and Stratford, NJ and at the Vincera Institute in Philadelphia. Dr. Sackstein is also on the staff of Robert Wood Johnson University Hospital. “One of the greatest impediments to patient care is the difficulty we all have sharing information in a timely and efficient manner. When I first saw CMT Corp’s cloud-based platform I immediately saw so many different applications which could improve patient outcomes and access to care that I was excited to become involved.”

These two specialists join a cardiologist from the A-series round, Nate E. Lebowitz, MD, FACC, a lipid and preventive cardiology specialist and a faculty member in The Advanced Cardiology Institute, a division of Hackensack University Medical Center Cardiovascular Partners. “Our team of cardiologists and surgeons need solutions that are tailored to their areas of specialization and conform to diagnostic protocols, treatment plans and workflow. New integrative models and innovations in care delivery are required and CMT Corp is perfectly suited to be part of that solution.”

Dr. Lebowitz serves as CMT Corp’s Acting Chief Medical Officer. Dr Sackstein and Dr. Blecher will be joining the company’s Advisory Board.

About Collaborative Medical Technology Corporation

CMTC specializes in developing diagnostic and treatment collaboration solutions using innovative cloud-based applications that provide telehealth/telemedicine capabilities. Their robust and agile solutions suite is delivered as platform as a service (PaaS). The Physician Collaboration Platform (PCP) aggregates and organizes disparate data sources to create and share a composite patient record that replaces inefficient and fragmented communications with a turnkey, on-demand, web-based solution. CMTC’s Physician Collaboration Platform specialized technology enables a case manager to collaborate with multiple specialists by sharing a patient’s relevant medical records, diagnosis and treatment plans and radiology images in DICOM providing high-definition diagnostic quality, readable on any Internet-ready device. Interaction between the physicians is provided through a secure web portal to maximize accuracy, privacy and efficiency. It enables hospitals and physicians to create, brand, and manage secure collaborative communities of clinicians/providers.

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Media Contact

Paula Fedoris, 917-626-6662

Chief Operating Officer

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