Fidelis Seniorcare Closes $20.5 Million Equity Financing

Schaumburg, Illinois – May 20, 2013 – Fidelis SeniorCare, Inc., a managed care company that administers Medicare Advantage Special Needs Plans to dual eligible and individuals living in long-term care facilities, announced the completion of a $20.5 million financing led by Arboretum Ventures (Ann Arbor, MI), which was joined by other new investors Hopen Life Science Ventures (Grand Rapids, MI), Renaissance Venture Capital Fund (Ann Arbor, MI) and The Kresge Foundation (Troy, MI)…

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