Healthcare coordination software provider Appriss Health agreed yesterday to acquire PatientPing, a US-based healthcare collaboration software provider backed by internet and technology group Alphabet, for $500m according to PE Hub.
PatientPing has built an online platform that allows professionals across a network that includes more than 1,250 hospitals and 7,000 post-acute care facilities to communicate with each other and collaborate on patient care.
The company had received about $101m as of a $60m series C round in June 2020 co-led by Alphabet unit GV, financial services and investment group Fidelity’s F-Prime Capital subsidiary, Andreessen Horowitz and Transformation Capital.
The series C round included undisclosed existing investors and followed a $31.6m series B round co-led by Andreessen Horowitz and Leerink Transformation Partners in 2016. GV and F-Prime had co-led the company’s $9.6m series A in 2015, investing with First Round and SV Angel.
Jay Desai, CEO of PatientPing, said: “This combination is transformational for patient care. PatientPing’s mission since its founding has been to connect providers to seamlessly coordinate and significantly improve patient outcomes while lowering the cost of care.
“Our combined networks will connect providers across all care settings so they can work together better to improve clinical episodes and care transitions for the millions of patients that interact with the nations’ healthcare providers.”
