The investment included secondary purchases from existing investors, the electronic health record system developer having previously been backed by Pentland and IBM.
Modernizing Medicine, a US-based healthcare information management software provider backed by corporates IBM and Pentland Group, received $231m in funding yesterday from funds affiliated with private equity firm Warburg Pincus.
Founded in 2010, Modernizing Medicine produces healthcare information software that has been partially developed by physicians. It uses adaptive learning and automated outputs to improve functions such as telehealth, data analytics, and practice and revenue cycle management.
The company’s flagship product is a mobile, cloud-based electronic health record system called…
