Startup Investing

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PA’s Infectious Disease Connect combines with ILÚM Health Solutions

UPMC Enterprises’ telemedicine company Infectious Disease Connect is joining Merck’s ILÚM Health Solutions, which supports “infectious disease management, clinical decision-support and precision antibiotic therapy.” UPMC Enterprises and Merck Global Health Innovation Fund are investing $5 million apiece in the combined company.

NC startup raises $1.35M in equity

Winston-Salem company Wellnecity, a “proactive benefits management service for self-insured employers,” has raised approximately $1.35 million, collecting funds from 30 investors. The round remains open and is capped at $1.39 million.

Avtex acquires Indy’s Communications Products

IT-services company Avtex, based in Bloomington, MN, has announced that it’s acquiring the assets of Communications Products Inc., headquartered in Indianapolis.

PKWARE agrees to acquisition by private equity firm

Milwaukee data security firm PKWARE has entered into an agreement to be acquired by St. Louis-based private equity firm Thompson Street Capital Partners.

Orchid Monroe to acquire Carter Motor Company

Wisconsin manufacturer Orchid Monroe, which produces components for electric motors, generators, and transformers, is acquiring Carter Motor Company. The acquisition is slated to be completed by the end of June.