PatientKeeper Closes $7.5 Million Round Of Financing To Support Rapid Growth, R&D

BOSTON , Mass., August 13, 2008 - PatientKeeper®, Inc., the leading developer of physician information systems, today announced that it has closed a $7.5 million round of funding. The round was led by new investor Flybridge Capital Partners and included existing leading healthcare investors Frazier Healthcare Ventures, New Enterprise Associates, and Whitney & Company. The funding will be used to increase the company’s investment in research and development and support expanded operations as it continues to grow at a rapid pace.

"It is a very exciting time for PatientKeeper," said Paul W. Brient, chief executive officer of PatientKeeper. "In the past year we have signed a record number of new customers, including HCA and Catholic Health Initiatives – two of the largest health systems in the country. This funding will help us continue to innovate as we expand our operations and infrastructure to accommodate new customers, build additional new products, and support continued growth moving forward."

“We are thrilled to be working with Paul and the PatientKeeper team,” said Chip Hazard, general partner, Flybridge Capital Partners. “The growth and momentum the company has achieved over the past few years since we started tracking them has been extremely positive. We are very excited about the business opportunity in the physician information systems space that the company is addressing and look forward to working with the company as it continues to build on its leadership postion in the market.”

PatientKeeper’s Physician Information System provides physicians with a single software environment to manage their patients across all care settings using any computing device, including PCs, tablets, Smartphones and PDAs. The Physician Information System is built on a robust bi-directional integration platform that consolidates data across disparate systems and allows physicians to directly access underlying systems through a single sign-on capability.

About PatientKeeper:

PatientKeeper Inc., the leading provider of physician information technology, works with hospitals and physicians to deliver solutions that drive efficient operations and a higher standard of patient care. PatientKeeper’s unique technology provides a single, secure view of patient information coupled with comprehensive physician workflow applications without replacing applications already in use. The company boasts the industry’s highest physician adoption rates and delivers solutions that ensure HITECH meaningful use criteria is met while delivering demonstrable ROI for hospitals, physician organizations and community health information exchanges alike. For more information about PatientKeeper, headquartered in Boston, Massachusetts, visit www.patientkeeper.com or call 617-987-0300.

» Return to main Press Releases page.

• Related Info
• Case Studies