RICHMOND, Va.--(BUSINESS WIRE)--Blue Heron Capital, a private equity fund providing growth and expansion capital, announced today that it has led an $11 million investment round in Virginia-based Avizia, Inc. Avizia will use the proceeds to expand sales and marketing, technology and management.
Avizia is a fully integrated telemedicine solution combining video devices with clinical workflow management and HIPAA compliant communication software. Avizia sells packaged telemedicine solutions that address the most common modalities that healthcare providers are striving to address today – including telestroke, behavioral health, e-visits, and emergency care.
“Telemedicine adoption is rapidly accelerating as health systems compete to offer more specialized care and reap the benefits of lower costs, improved access, and greater patient satisfaction,” said Blue Heron Capital Partner, Tom Benedetti. “When we looked to invest in the market, it was clear that Avizia was the right fit for us. Their differentiated software platform offers health systems greater flexibility, more use cases, and superior integration. We see a great deal of value and potential in what Avizia is doing.”
“The healthcare market is rapidly changing to meet the needs of the 21st century consumers who are demanding better delivery of care from their provider,” said Mike Baird, CEO of Avizia. “Avizia is revolutionizing healthcare by connecting any patient to any provider in any place. We are excited to be partnering with Blue Heron Capital and their large network of healthcare operators for the next phase of our growth.”
About Blue Heron Capital
Blue Heron Capital is an operationally focused lower market private equity firm based in Richmond, Virginia. Blue Heron supports portfolio companies with a team of proven industry experts, including C-level executives and successful entrepreneurs with decades of experience building and managing vibrant businesses. The firm invests in buyout and growth equity opportunities in the healthcare, security, and business services industries.
About Avizia, Inc.
Avizia offers the only end-to-end telehealth platform that integrates care coordination software with industry-leading video devices and mobile apps. Avizia delivers telehealth solutions to more than 400 hospitals and clinics around the world.