May 2009 Newsletter

MCRC announces investment in Advanced Practice Strategies.

Boston, Mass. - May 2009 - MCRC is pleased to announce a new investment in Advanced Practice Strategies, a national leader in innovative, instructional solutions promoting patient safety, jury education and medical risk management.  The APS eLearning division offers web-based training to physicians and nurses, designed to reduce medical error and increase patient safety.  The curriculum is based on real-world experience from thousands of medical malpractice claims through work with a variety of hospitals and insurers, including the Risk Management Foundation of the Harvard Medical Institutions and other leading players.  The APS eLearning programs have been proven to help hospitals and clinicians significantly reduce risk and enhance patient safety across the country.  APS is also a pioneer and leader in the field of demonstrative evidence for the courtroom.  The company has built a reputation for providing expert, strategic counsel as well high-quality medical illustrations, helping clients to achieve a 97 percent win rate for tried cases.

“The past several years have ushered in a revolution in how hospitals and clinicians are approaching patient safety,” said Dennis Ferrill, CEO of APS.  “Working with strategic partners such as the Harvard Medical Institutions and Hospital Corporation of America, we’ve made tremendous progress in developing tools and training programs that are transforming healthcare systems through reduction of error.  The addition of new capital will enable us to expand our staff in order to serve this fast-growing market.”  APS was founded in 1993 and is headquartered in Boston, MA.  For more information, visit www.aps-web.com.

ABOUT MCRC

Massachusetts Capital Resource Company, a private investment company located in Boston, is a source of mezzanine financing for emerging growth and middle market companies.  The company was formed in 1977 by the Massachusetts-based life insurance industry to provide risk capital and long term debt to small and medium sized businesses based in Massachusetts.  For more information, please visit our website (www.masscapital.com) or contact us at 617-536-3900.

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