Hospitalsupplies.com was founded in 1998 to serve the burgeoning $45 Billion-dollar healthcare industry. This was a B2B ecommerce supply chain platform to connect hospitals and vendors. The company received angel funding and changed the name to Medibuy in 1999. Medibuy later received over 120 million dollars in funding and grew from 5 employees to 120 within 18 months. Goldman Sachs filed an S1 in 2001 with a valuation of $1.5Billion. Medibuy was later acquired later by GHX.