Practice management software company Tebra has secured more than $72 million in equity and debt financing from Golub Capital, bringing the company’s valuation to more than $1 billion.
WHAT IT DOES
Tebra is the result of a recent merger between Kareo, which provides clinical and financial software, and PatientPop, which provides tools for patient engagement and practice growth. The deal closes in November.
This combined company includes products for building medical practice websites and advertising their services, online scheduling and patient reminders, telehealth, EHR, invoicing and payments, as well as data analysis.
Tebra will use the capital to accelerate post-merger plans, such as increasing market share, developing and launching products as a combined company, and branding the new entity.
“With this new investment from Golub Capital, we will be able to accelerate Tebra’s mission to unlock better healthcare by helping independent operations deliver modern care.” medicine for patients everywhere,” CEO and co-founder Dan Rodrigues said in a statement.
“At the same time, we will expand our market reach and launch new solutions, helping a larger number of doctors with the tools and digital support to attract new, paid patients.” pay faster and operate more efficiently.”
SNAPSHOT . MARKET
PatientPop raised 50 million dollars in Series C funding in 2020 and $25 million in 2018. Based on CrunchbaseKareo last raised nearly $10 million in 2018. It also acquired the payment automation company Patiently said last yearand patient communication tools DoctorBase 2015.
Another company in the practice management space, NexHealth, has announced that it has completed a $125 million Series C funding round in April, bringing the company to a $1 billion valuation. It provides tools for online scheduling, marketing, and patient engagement.
Luma Health Patient Communication Platform scored 130 million dollars last year. Recent Health Care Changes announced a new set interactive tools designed in collaboration with Luma.
Meanwhile, SocialClimb, which focuses on marketing medical activities, announced 12 million dollars increased early last year.
