Midas Healthcare Solutions builds technology-driven systems to promote safe handling, storage, return and disposal of controlled substances and other dangerous medications in hospitals and healthcare institutions. Its first product, the Verified Institutional Environment for Wasting (V.I.E.W.), is a small dedicated workstation that uses high-acuity camera and scanning technology, a video queue process to remove the immediate need for an in-person witness, and the ability to sequester samples for analysis. The company plans to begin piloting the V.I.E.W. at several tertiary care adult hospitals and a leading children’s hospital to demonstrate improved medication security, validation of witnessed wasting events, and operational efficiencies. Midas will use the newly raised capital to expand product development ahead of a planned 2024 product rollout. The company is led by CEO and founder Michael LaFauci, RPh, and is responding to industry concerns about diversion of opioids and other medications in clinical settings. The advisory board and board appointments from the investor include multiple healthcare, pharmacy, government, and health IT leaders to support commercialization and deployment.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2023