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Management Newsletter Article | September 30, 2000

LifeCare.com Announces Receipt Of $65 Million Equity Financing

By Market Intelligence Team

OPEN MINDS, The Behavioral Health & Social Service Industry Analyst Industry News LifeCare.com, Inc. of Westport, Connecticut, an employee assistance and work/life services program, received $65 million in first-round venture capital financing in June from General Atlantic Partners, LLC, a leading global investor in Internet, Internet-enabled, and information technology businesses. First Union Capital Partners, LLC, also was an investor in the financing. According to Jane Levene, director of public relations for LifeCare.com, "we'll be using the capital investment to build up the infrastructure for our technology platform, accelerate technology initiatives, continue to develop our . . .

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