Edifecs, Inc., a Bellevue, Washington-based global health information technology solutions company, received a growth investment from TA Associates and Francisco Partners.
The financial terms of the deal, which is expected to close in the third quarter of 2020, were not disclosed. In conjunction with the funding, Ashutosh Agrawal, a managing director at TA Associates, Ezra Perlman, co-president of Francisco Partners, Jennifer Mulloy, a managing director at TA Associates, and Ali Evans, a vice president at Francisco Partners, will join the Edifecs Board of Directors.
Founded by Gurpreet (Sunny) Singh in 1996, Edifecs is a premier technology company in the U.S. healthcare market with solutions focused on interoperability, workflows, value-based care payments and analytics. Since its inception, the company has provided a full range of capabilities to support most healthcare entities (i.e., payers, providers, employers, third-party administrators and government agencies). The company allows customers to optimize the secure exchange and processing of administrative and clinical data, reducing the cost of meeting various regulations and automating workflows involved in multiple core processes within the healthcare ecosystem. Edifecs has more than 600 employees in Bellevue, Washington, Atlanta, Georgia and Mohali, India, and an engineering center in Moldova.
FinSMEs
28/07/2020