Funds to Support Expansion Initiatives
October 14, 2015
Rockville, MD – DrFirst, a leading provider of healthcare IT solutions, today announced it has secured $25 million in equity financing from Goldman Sachs. With this financing, DrFirst has raised $42M in financing during the past year, including a $5M investment commitment from Savano Capital Partners and a $12M credit facility from SunTrust Bank.
“Goldman Sachs is excited to partner with healthcare IT leader DrFirst. We believe the company’s leadership team will continue to deliver successful results for the company and its investors,” said Stephen Kerns, Vice President in Goldman Sachs’ Private Capital Investing group. “We have seen the company grow revenues and client base rapidly over the past several years, and management’s vision for expanded product development in e-medication management as well as in the secure communication and care collaboration software segment 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.
“We continue to identify and pursue opportunities for innovation and growth in our core businesses,” said G. Cameron Deemer, president of DrFirst. “We have always been focused on developing technology solutions that close gaps in efficiency, accuracy and safety surrounding patient-provider points of encounter. Our relationship with Goldman Sachs enables our continued commitment to address these challenges by delivering software that improves clinical outcomes, strengthens healthcare technology interoperability, and assures patient safety.”
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. Our growth is driven by a commitment to innovation, security and reliability across a wide array of services, including medication management and secure communications. We are proud of our track record of service to over 330 EMR/EHR/HIS partners and an extensive network of providers, pharmacies, hospitals and post-acute care facilities.