Health Catalyst, a US-based provider of healthcare data warehousing formerly known as Healthcare Quality Catalyst, has extended its series B round by $8m from two corporate venturing units.
Kaiser Permanente Ventures, the corporate venturing unit of the eponymous healthcare system, and CHV Capital, which invests on behalf of Indiana University Health, the eponymous US state’s largest healthcare system formerly known as Clarian Health, provided the B round extension.
In December, Health Catalyst raised $33m from venture capital firms Sequoia Capital and Sorenson Capital and Norwest Venture Partners, which was formed by bank Wells Fargo and led the round. In September 2011, Sequoia led Health Catalyst’s A round of undisclosed size.
Dan Burton, chief executive of Health Catalyst, said: “Like Kaiser Permanente Ventures, CHV Capital represents an ideal partner for Health Catalyst — a strategic investor with direct ties to one of the country’s most innovative, data-driven health systems.
“In addition to gaining a financial partner in CHV Capital, our commercial and development relationship with Indiana University Health will enable both organizations to accelerate our shared goal of being leaders in delivering patients the highest quality of care through the most cost efficient means possible.
Health Catalyst technology is used in the care of more than 20 million patients, including at Allina Health, Indiana University Health, MultiCare Health System, North Memorial Health Care, Providence Health & Services, Stanford Hospital and Clinics and Texas Children’s Hospital.
Kyle Salyers, managing director at CHV Capital, added: “Healthcare data warehousing and analytics is a necessity in order to succeed in the future of healthcare. It will bring actionable information to the point of care and to administrative leadership.”