NASHVILLE, Tenn.--(BUSINESS WIRE)--emids, a leader in digital engineering and transformation solutions to the healthcare industry, today announced a strategic equity investment from BlueCross BlueShield Venture Partners (the Blue Venture Fund), further strengthening its position as the preferred partner for digital transformation to healthcare and life sciences firms.
“We are exceptionally excited about this partnership as it aligns seamlessly with our growth plan,” said emids founder and CEO Saurabh Sinha. “Part of that plan is broadening our work with health plans, an industry vertical that is under increasing pressure to quickly adopt new strategies that harness the power of digital capabilities and analytics. We look forward to partnering closely with Blues plans and payers more broadly in their digital transformation journeys.”
emids works with payers, providers, health technology companies and life sciences firms to accelerate the adoption of next-generation digital technologies and manage an increasingly complex data ecosystem to drive high quality, accessible and affordable healthcare. Building on emids’ partnership with New Mountain Capital in 2019, this newly announced investment from the Blue Venture Fund allows emids to leverage its category leadership and experience, working with payers to support Blue Cross and Blue Shield companies among the more than thirty BCBS plans that participate in the Blue Venture Fund.
“We intimately understand the value of digital in healthcare and are extremely impressed with the quality and scope of emids’ solutions,” said Mike Spadafore, Managing Director of Sandbox Industries, the Blue Venture Fund’s exclusive provider of investment management services. “Through its work with individual Blue Cross and Blue Shield companies, and now this investment, emids is well positioned to be the organization’s preferred partner for digital transformation offerings.”
emids is a leading provider of digital transformation solutions to the healthcare industry, serving payers, providers, life sciences, and technology firms. Headquartered in Nashville, emids helps bridge critical gaps in providing accessible, affordable, and high-quality healthcare by providing digital transformation services, custom application development, data engineering, business intelligence solutions, and specialized consulting services to all parts of the healthcare ecosystem. With over 2,200 professionals globally, emids leverages strong domain expertise in healthcare-specific platforms, regulations, and standards to provide tailored, cutting-edge solutions and services to its clients. For more information, visit www.emids.com.
About BlueCross BlueShield Venture Partners
BlueCross BlueShield Venture Partners is a corporate venture fund program to which thirty-three BCBS entities have committed over $575 million across three Funds. Blue Venture Fund invests in promising emerging companies of strategic relevance to Blue Cross and Blue Shield companies and provide access to its portfolio to deploy innovation at scale. BlueCross BlueShield Venture Partners is sponsored by the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield companies. For more information, visit www.bcbsvp.com.