Funds to support product development and organizational expansion initiatives
September 2, 2015
ROCKVILLE, MD – DrFirst, a leading provider of healthcare IT solutions, today announced it has secured a $12 million credit facility with SunTrust Bank. This financing represents a refinancing and a credit expansion in a new strategic relationship with SunTrust Bank.
“SunTrust Bank is extremely excited to partner with healthcare IT leader DrFirst. We believe that the Company’s leadership team will continue to deliver successful results for the company and its investors,” said Adam Winder, Senior Vice President of SunTrust Bank. “We have seen the company grow revenues and client base rapidly over the past several years, and management’s vision for future product development will further strengthen the company’s position as a healthcare technology innovator domestically and abroad.”
DrFirst will use the new capital to expand its sales and marketing resources, as well as its development resources for both existing and new products, and for other strategic initiatives.
“Since the start of the company in 2000, we have focused on identifying challenges that detract from the efficiency, accuracy and safety with which doctors can help their patients. To address those challenges, we create user-friendly solutions that improve clinical outcomes, strengthen healthcare technology interoperability, and assure provider and patient security,” said G. Cameron Deemer, president of DrFirst. “Our growth is driven by a commitment to innovation and reliability across a wide array of clinical software and support services, and we value this relationship with SunTrust Bank to help us to bring our solutions quickly to market.”
DrFirst pioneers technology solutions that inform the doctor-patient point of encounter, optimizing provider access to patient information, enhancing the doctor’s clinical view of the patient, and improving care delivery and clinical outcomes. We are proud to serve more than 50,000 providers and more than 330 EMR/EHR/HIS system vendors with a wide array of innovative, reliable solutions in the areas of eMedication Management, Medication Adherence and Secure Care Collaboration and Communication. For more information please visit www.drfirst.com.