Update June 13, 2013: Ketchel filed with the SEC earlier this month notice of his plan to raise $5MM capital. This week, he also announced that former U.S. Sen. Bill Frist has joined his board of directors.-Ed.
PAUL KETCHEL, a former member of the staff of then-U.S. Sen. Bill Frist and the son-in-law of U.S. Rep. Marsha Blackburn (R-TN-7), has completed a $500,000 capital raise for MDSave Inc., a Brentwood startup.
Ketchel's form D filing, which covers an Angel round that's already completed, showed-up online this morning.
The MDSave website says the company offers "a revolutionary new way to connect HSA, high deductible plan, and uninsured patients with medical providers who are providing discounted medical services through the MDSave network." Most patients, says the site, can save 50 percent on services. In exchange, the patients provide cash payment in advance, according to the site.
The filing was submitted by Nashville attorney G. Kline Preston IV. Ketchel served with frist 1998-2001, and later was a government-relations representative for Elanex Pharma Group International; earlier, he was with American Capital Group, a Washington, D.C.-based lobbying and public-affairs firm, according to information online. He is a University of Tennessee graduate. VNC