MCF completes purchase of MedPanel

MCF Corp. today said that it has completed the acquisition of MedPanel, Inc., an online medical market intelligence firm.

With the closing of the transaction, MedPanel becomes Panel Intelligence LLC, a wholly owned subsidiary of MCF Corp. The MedPanel brand will be retained as the health care and life sciences primary research product.

Panel Intelligence is based in Cambridge and offers an online research platform providing information and improved efficiency for investment decisions, product development, and marketing. Its product, MedPanel, is best known for its online focus groups.

"We expect that this new MCF subsidiary will rapidly contribute to faster growing and more profitable recurring revenue opportunities for our firm," said Jon Merriman, chairman and chief executive of MCF Corp.

MCF Corporation paid $6.5 million in common stock for MedPanel, Inc. MCF Corporation registered the 1,548,119 shares of common stock for resale with the Securities and Exchange Commission prior to the closing of the transaction.

MCF Corporation is a financial services holding company that provides investment research, capital markets services, corporate and venture services, and other services.
(By Thomas C. Palmer Jr., Globe staff)