PerfectServe Closes $21M Financing Round

perfectservePerfectServe, a Knoxville, Tennessee-based healthcare communication and collaboration platform, closed $21m financing round.

The round was led by MemorialCare Innovation Fund (MCIF), a strategic investment fund associated with MemorialCare Health System, with participation from CHV Capital, the strategic investment arm of the Indiana University Health System, Piper Jaffray and River Cities Capital Funds, new investor Ares Capital Corporation.

The company intends to use the funds to advance research and development of PerfectServe Synchrony™, the company’s flagship solution, and bring the product’s full set of capabilities to market.

Led by Terry Edwards, president and CEO, PerfectServe provides PerfectServe Synchrony™, which unites physicians, nurses and other care team members and facilitates interaction among them. The solution automatically identifies and provides immediate access to the right care team member, enabling effective population health management through communication-driven workflows.
It is used by more than 100,000 clinicians in organizations such as Advocate Healthcare, Ascension Health, Covenant Medical Group, Hoag, MemorialCare Health System, Orlando Health, St. Joseph Health, and WellStar Health System to speed time to treatment, promote physician alignment, enhance the consult process, increase transition efficiency, provide nurses more time for direct patient care and reduce HIPAA compliance risk.



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