Ingenious Med has secured a majority stake investment from North Bridge Growth Equity, a private equity firm focused on investing in high-growth technology companies.
Atlanta-based Ingenious Med provides a cloud-based, patient encounter platform, IM1, for the healthcare industry. The solution automates physician and care team workflow at the point of care, unifying communication, coding, revenue, and business and clinical intelligence into a single, easily integrated solution that can be accessed through mobile devices or the Web.
Ingenious Med serves 25,000 users at 900+ healthcare facilities across the US, including seven of the 10 largest hospitalist management companies as well as the top three health systems.
“Since our inception as a physician-led company, Ingenious Med has had tremendous success with the widespread adoption of our workflow enhancing solutions,” says Dr Steven Liu, founder and chief medical officer of Ingenious Med. “The company entered into a period of explosive growth five years ago, establishing itself as a robust enterprise and major player in the market. The North Bridge investment will help accelerate the company’s disruptive impact and growth as we further expand our clinician alignment offerings.”
“There’s a great cultural and strategic fit between the two teams, and we couldn’t be more excited about the value of North Bridge’s knowledge and deep experience in healthcare,” says S Hart Williford, CEO and president of Ingenious Med. “Our internal slogan at Ingenious Med is styled after NASA’s, we strive to ‘dare mighty things.’ This mindset is also part of North Bridge’s DNA and we expect the significant acceleration of our growth through the ‘North Bridge Effect’ to improve our value to healthcare systems and organizations around the country.”
North Bridge managing director Doug Kingsley and principal Roshen Menon are joining the board of directors of Ingenious Med.
Also joining the Ingenious Med board is George Lynn with more than 30 years of experience as a healthcare executive for provider organisations. As the former president and CEO of AlantiCare, he helped establish southeastern New Jersey’s premier integrated healthcare network. Lynn also served as a two-term chairman of the American Hospital Association.
