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Berkery Noyes Advises PatientSafe Solutions in its Majority Recapitalization by HighBar Partners

Monday, September 25, 2017

PatientSafe Solutions Closes $25 Million Growth Funding

Leading global investors provide capital to accelerate PatientSafe’s clinical innovation and growth.

September 25, 2017 07:00 AM Eastern Daylight Time

SAN DIEGO--(BUSINESS WIRE)--PatientSafe Solutions, a leader in mobile clinical workflow and communication solutions, announced today that it has closed a $25 million round of financing. PatientSafe plans to use the funds to further scale operations, accelerate sales and customer success, and drive further innovation in clinical communications and care delivery.

The round was led by HighBar Partners with participation from existing investors Merck Global Health Innovation Fund, Camden Partners, Psilos Group, and TPG. The investors share PatientSafe’s vision of a simple and effective care experience enabled by an outcome-driven, mobile-enabled platform at the point-of-care.

“The success of PatientSafe highlights the value that an enterprise-grade clinical workflow and communication platform brings to its customers by improving clinician satisfaction, care team productivity, and patient safety in the post-EMR era,” said John Kim, Co-founder and Managing Partner of HighBar Partners. “We are excited to partner with the PatientSafe team to expand go-to-market capabilities, identify product acquisition opportunities, and continue to foster long-term relationships with leading healthcare organizations throughout the country and internationally.”

Founded in 2002, PatientSafe focuses on empowering care teams to communicate and work together reliably and efficiently through its PatientTouch® platform. PatientTouch is the only mobile platform that unifies clinical communications with critical workflows in a single application for more than 80 leading healthcare institutions.

“We are excited to announce this latest round of funding led by experienced enterprise software investors who support a methodical, long-term approach to building high-impact and sustainable businesses in the healthcare setting,” said Si Luo, president and CEO, PatientSafe. “This latest funding strengthens our ability to serve large-scale enterprise customers while continuing to develop and deploy a patient-centric communications and workflow network that unifies the patient, family, and care team across the continuum of care.”

About PatientSafe Solutions

PatientSafe Solutions (San Diego, California) obsesses over the experience of care to help care teams communicate and work together reliably and efficiently. PatientSafe delivers measurable safety and quality improvements through a mobile platform that extends an organization’s EHR, clinical, and communication infrastructure and fits seamlessly into care team workflows. The company’s context-driven PatientTouch® platform unifies communication with workflow by consolidating text, talk, alerts, EMR data, clinical workflows and customizable care interventions, all in one mobile app, on one device. For more than a decade, PatientTouch has helped clinicians both in and outside the hospital streamline care delivery, increase quality, and lower costs.

About HighBar Partners

HighBar Partners (www.highbarpartners.com) is a private investment firm focused on strategic growth capital investments in enterprise and infrastructure software companies. The firm invests in companies undergoing significant change or transition and provides patient, long-term capital to build successful businesses. HighBar is a creative and engaged partner with resources and relationships to assist management teams with financial, strategic and operational execution. HighBar’s principals have founded, operated or invested in over 100 companies in the technology sector.

PatientTouch® is a registered trademark of PatientSafe Solutions



 

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    Berkery Noyes Advises PatientSafe Solutions in its Majority Recapitalization by HighBar Partners