How Assurex Health plans to use $32M in new funding

Story excerpt provided by Cincinnati Business Courier.

Written by Barrett J. Brunsman .

Assurex Health of Mason announced today that it has lined up $32 million in new funding, which is expected to result in the creation of more jobs as the company ramps up efforts to boost sales of its genetic tests to determine the best medications to treat patients with mental health disorders or chronic pain.

The company secured a $25 million bank loan as well as $7 million in new investments from equity partners that include CincyTech, Cincinnati Children’s Hospital Medical Center and Cincinnati-based Allos Ventures.

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Originally published May 21, 2014.