MINNEAPOLIS--(BUSINESS WIRE)--TripleTree, LLC, a strategic advisor and merchant bank serving innovative and market-leading companies in healthcare, is pleased to announce that it advised Avizia as it closed its latest round of financing in the amount of $11M. The round was led by Blue Heron Capital and joined by Lavrock Ventures, NextGen Venture Partners, Middleland Capital, Waterline Capital, and Blu Ventures.
Avizia powers the rapidly growing telemedicine market with the healthcare industry’s first end-to-end, integrated, cloud-based telemedicine platform empowering providers to deliver virtual and connected care. Since being founded in 2013, Avizia delivers telehealth solutions to 37 of the top 100 healthcare integrated delivery networks (IDNs) in the U.S., at hundreds of hospitals and clinics, and sales in 36 countries around the world.
“Telemedicine is keenly aligned with the goals of healthcare reform and delivers significant value to health systems by improving access and quality and reducing cost,” said Brice Baradel, Director at TripleTree. “With multiple industry tailwinds, a highly scalable model, and a large addressable market, Avizia is well positioned for continued growth of its rapidly expanding and highly innovative product suite.”
“Improving patient care is at the heart of everything we do. It’s why we founded Avizia and why we go to work every day,” said Avizia CEO and Co-Founder, Mike Baird. “To deliver on that promise, we’re focused on building an end-to-end telehealth platform that enables any provider to see any patient in any place. We are transforming patient care through innovation to improve the patient experience.”
TripleTree acted as the exclusive financial advisor to Avizia for this transaction.
TripleTree is a healthcare merchant bank focused on mergers and acquisitions, growth capital, strategic advisory and divestiture services. Since 1997, we have advised some of the most innovative and high-growth businesses in healthcare – delivering results that consistently met or exceeded our client’s expectations. For more, visit www.triple-tree.com.
Avizia is redefining healthcare with the only end-to-end telehealth platform that combines industry-leading video devices with software solutions to streamline care coordination, provider collaboration, and patient engagement. With solutions found throughout 36 countries and 37 of the top 100 hospital networks in the United States, Avizia is enabling continuity of care by connecting any patient to any provider in any place.