Here’s how much Avalon Healthcare Solutions raised in a new equity offering

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    Avalon Healthcare Solutions Inc., a Tampa-based laboratory benefit management company, raised $16.5 million in an equity offering.

    Four investors participated in the offering, which began on June 26, according to a Form D filing Tuesday with the U.S. Securities and Exchange Commission. The investors are not identified in the filing.

    But the filing comes one day after Health Care Services Corp., a Chicago-based company that owns several Blue Cross and Blue Shield plans, said its subsidiary, HCSC Ventures, picked up a minority stake in Avalon, and that a Health Care Services executive had joined the Avalon board, while an HCSC executive was advising the Avalon board.