PatientKeeper, Inc., a Newton, MA-based provider of integrated physician information systems, has closed a $13m round of funding comprised of equity and debt.
The equity round was led by current investors Flybridge Capital Partners, New Enterprise Associates and Whitney & Company.
The venture debt was provided by Lighthouse Capital Partners.
The funding will enable PatientKeeper to accelerate the development of its physician documentation and computerized physician order entry (CPOE) applications in advance of the “Meaningful Use”, one of the critical requirements of the American Recovery and Reinvestment Act of 2009, and to build out the service and support capabilities to support its growth.
Commenting on the funding, Paul Brient, CEO of PatientKeeper, was reported as saying: “We have chosen to make this additional investment to capitalize on what we see as a significantly increased demand for applications that drive physician adoption of technology”.
In connection with the financing, PatientKeeper will also be adding Chip Hazard of Flybridge Capital Partners to its Board of Directors.