PatientPoint Receives $140 Million to Power Dramatic Growth
CAPITAL WILL HELP FUEL SIGNIFICANT NETWORK EXPANSION FOR POINT-OF-CARE INDUSTRY LEADER
CINCINNATI, June 28, 2017 /PRNewswire/ — PatientPoint®, the trusted leader in patient education and engagement solutions across all points of care, today announced it has successfully generated $140 million in capital from private investment firms Searchlight Capital Partners and Silver Point Capital to dramatically expand the digital footprint of its point-of-care networks.
PatientPoint programs provide engaging content through a host of delivery channels including digital waiting room screens in physician offices and hospitals and interactive touchscreens in the exam room. Unlike most of its competitors, PatientPoint develops the majority of its content internally, tailoring education to specific specialties to ensure that it meets the unique needs of patients and providers in the point-of-care environment.
PatientPoint programs are currently based in more than 31,000 physician offices and 1,000 hospitals nationwide and impact more than half a billion patient and caregiver visits each year. In addition to the expansion of its digital product lines, PatientPoint has been working on a visionary product roadmap powered by its mission to continuously improve each patient-physician engagement.
Industry experts agree that the analytics PatientPoint provides to its sponsors and the content it develops set it apart from competitors and are key to its long-term success.
Peter J. Solomon Company acted as a strategic advisor on the deal and arranged the financing.
“The reputation of PatientPoint as the trusted source of best-in-class patient engagement solutions in the rapidly growing point-of-care industry solidified investor commitment,” said Peter J. Solomon Managing Director Mark Boidman.
