PatientKeeper Closes $8 Million Financing to
Support Continued Rapid Growth
Company Reports More than 80 Percent
Growth Over The Last Year
BOSTON, Mass., June 14, 2006 – PatientKeeper®, Inc.,
the leading developer of physician information systems, today
announced that it has closed an $8 million round of funding. This
round of funding includes a syndicate of leading healthcare
venture capital firms including Frazier Healthcare, Mediphase
Venture Partners, Mosaix Ventures, New Enterprise Associates,
Pacific Venture Group, Saints Capital, and Whitney & Co. The
proceeds will be used to expand operations to meet growing
customer demand and invest in new product development to extend
the company’s leadership position in physician information
systems.
"Innovative products that are embraced by both physicians and
hospitals have helped establish PatientKeeper as a market leader
in physician information systems," said Ryan Drant, general
partner of New Enterprise Associates and a member of the
PatientKeeper Board of Directors. "The healthcare information
technology marketplace offers a tremendous growth opportunity for
an independent company like PatientKeeper. The Board and the
investor group are enthusiastically behind the PatientKeeper
management team as they continue to grow rapidly and build a very
successful company."
Only PatientKeeper is designed to support a physician
throughout the entire day, across all settings of care.
PatientKeeper’s applications allow physicians to access
their patients’ electronic records, write prescriptions,
enter charges for services, document patient encounters, and
securely send messages to other caregivers – all in a
single, integrated environment.
This approach has made PatientKeeper an integral part of the
strategies of organizations across the healthcare continuum
– ranging from small physician practices to community
hospitals to major academic medical centers to some of the
largest health systems in the country. PatientKeeper’s
customer base now includes over 100 organizations, representing
over 300 hospitals.
“I am excited that this funding round was both
oversubscribed and completed only by our current
investors,” said Paul W. Brient, chief executive officer of
PatientKeeper. “It is a strong endorsement of our strategy
and gives us the ability to continue to invest in support of our
continued growth.”
About PatientKeeper
PatientKeeper®, Inc. provides physicians with software
that delivers clinical and financial benefits. Only PatientKeeper
is designed to support a physician through the entire day. At any
time, anywhere, physicians can access their patients' electronic
records, write prescriptions, enter charges, dictate notes,
document encounters, place orders, or send secure messages to
other caregivers – all in a single integrated environment.
PatientKeeper is a winner of a 2006 Microsoft Healthcare User
Group (MS-HUG) Award, 2005 AMDIS (Association of Medical
Directors in Information Systems) Award for CHRISTUS Health, 2005
Frost & Sullivan Award for Industry Innovation and Advancement,
and other industry awards. For more information, visit www.patientkeeper.com or call 617-987-0300.
Contact:
Stephen S. Hau, PatientKeeper, shau@patientkeeper.com, (617)
987-0304
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