San Francisco-based Healthline Networks has secured a ton of capital to bring its business to the next level. As part of that process, the company is spinning off its health IT subsidiary Talix into a separate entity, while the remaining operations have been renamed to Healthline Media.

Talix, which Healthline launched last year, scored $14 million from former Healthline Networks shareholders, to offer its software-as-a-service health IT solutions. Now former Healthline Networks CEO Dean Stephens got at the helm of Talix, while several Healthline investors gained seats on the company’s board, including Phil Dur of Investor Growth Capital; Richard Harroch of VantagePoint Capital Partners, Kevin Brown of Reed Elsevier Ventures and Mike Barber of General Electric Equity.

On the other hand, Healthline Media raised even more money — $95 million from Summit Partners to focus on consumer health information business. David Kopp, who used to head the media division of Healthline Networks, will get to lead this company. He said that the funds will be used to make significant investments in the content development and social media programs, to include new media types, platforms and adjacent categories.

“Healthline Networks built two very successful businesses in the media and healthcare technology markets,” Stephens said in a press release. “After launching the Talix business [in 2015], we sought an investor to separately capitalize Healthline Media, enabling David and his team to pursue a more rapid growth rate and achieve their vision of becoming the leading source of high-quality consumer healthcare information on the Internet.”

[Via: MedCityNews]