Arcadia Healthcare Solutions, a Burlington, Mass.-based an EHR data aggregation and analytics technology company, raised $30m in funding.
Backers included the Merck Global Health Innovation Fund, GE Ventures, and existing investors Peloton Equity, Zaffre Investments, and Morgan Stanley Alternative Investment Partners.
The company intends to use the funds to accelerate its product development plans in the core Arcadia Analytics platform and expand population health management market activities across the country.
Led by chief executive officer Sean Carroll, Arcadia Healthcare Solutions provides a healthcare data aggregation and analytics technology platform focusing on serving ambulatory networks affiliated with large payer and provider organizations, including health plans, accountable care organizations, integrated delivery networks, and large independent physician groups, among others.
The company serves over 60 enterprise customers.
While continuing to focus on organic growth, the company has also made two acquisitions since its founding in 2002, including Concordant, an EHR support services company (in 2011) and Sage Technologies, a managed care services company (in 2015).
Arcadia also has offices in Seattle, Pittsburgh, and outside Chicago in Rockford, IL.