PatientFi, an Irvine, CA-based company offering medical practices a comprehensive technology suite of payment and subscription solutions, received a growth equity investment from Questa Capital.
The amount of the deal was not disclosed.
The company intends to use the funds to consolidate its position as a market leader in its core specialties for elective healthcare practices and their patients.
Led by CEO Todd Watts, PatientFi provides a payments platform used by medical practices to offer their patients more affordable alternatives for out-of-pocket healthcare expenses. Bringing flexible, monthly payment plans and subscription memberships to the forefront of healthcare practices, it makes procedures and treatments more accessible and attainable for patients. Today, the company serves a national network of healthcare providers and their patients.
Commenting on the news, Todd Watts said: “We share a very similar thesis for where our target market will be in five years, and this capital will allow us to continue investing in our people and technology to accelerate our market position. We are excited to welcome our new partners to the team and look forward to working closely with Brad Sloan as a new member of the Board of Directors, and the entire Questa team.”
FinSMEs
14/02/2024