Azalea Health, an Atlanta, Georgia-based provider of integrated, technology-enabled healthcare solutions, closed $10.5m in Series B round of funding.
The round was led by Kayne Partners, the growth private equity group of Kayne Anderson Capital Advisors, L.P., with participation from existing investor Intersouth Partners. In conjunction with the funding, Nishita Cummings, Partner, Kayne Partners, will join the board of Azalea Health.
The company intends to use the funds to advance organic growth and consolidate through acquisition.
Established in 2008 by Baha Zeidan, CEO, Azalea Health is a provider of integrated, technology-enabled healthcare solutions, including integrated electronic health records (EHR), practice management, electronic prescribing, interoperability services, personal health records, a patient portal, and revenue cycle enhancement services for practices of all sizes and most specialties.
The company focuses on rural markets – traditionally underserved by healthcare technology – meeting the needs of community and critical access hospitals, including Federally Qualified Health Centers (FQHCs) and Rural Health Clinics (RHCs), as well as their associated physician practices.
FinSMEs
15/07/2016