PHILADELPHIA AND ATLANTA – (BUSINESS WIRE) –LLR Companions at this time introduced an funding in Azalea well being, a rising supplier of cloud-based digital well being data and affected person engagement options for inpatient and outpatient neighborhood well being organizations. The capital will assist CEO Baha Zeidan and Azalea’s management staff as they put money into new product improvements, pursue natural progress and discover acquisition alternatives.
“LLR brings 20 years of expertise serving to healthcare expertise firms develop,” mentioned Baha Zeidan, co-founder and CEO of Azalea Well being. “The assist of the LLR staff via capital, trade experience and worth creation sources will assist us proceed to remodel the continuum of care with a ‘one affected person, one document’ strategy that results in higher outcomes for sufferers and suppliers.
The Azalea platform offers digital well being data built-in with telehealth functionalities, income cycle administration and cell well being functions. As a contemporary, totally cloud-based SaaS resolution, Azalea delivers tangible worth to clients via diminished whole prices, shorter implementations, higher configurability and interoperability, and improved person expertise in comparison with conventional on-premise options. . Azalea serves a wide range of ambulatory, hospital and specialty care settings, with a robust historical past of innovation for rural, neighborhood and concrete settings.
“Azalea gives one of many solely pure cloud options for inpatient and outpatient healthcare suppliers,” mentioned Sasank Aleti, associate at LLR Companions. “Azalea’s robust natural progress and its capability to interchange the competitors displays the corporate’s dedication to bringing innovation and market-leading expertise to its clients. We stay up for partnering with the Azalea staff as they broaden their platform and proceed to give attention to accelerating progress. ”
Azalea joins LLR Companions’ broad portfolio of excessive progress healthcare expertise firms. Sasank Aleti will be a part of Azalea’s board of administrators with Scott Perricelli, associate at LLR.
About Azalea Well being
Azalea Well being (Azalea) is altering the way in which healthcare IT platforms join neighborhood healthcare suppliers and sufferers throughout the continuum of care. Providing a 100% interoperable cloud-based resolution, Azalea offers digital well being data, income cycle administration and a completely built-in telehealth resolution designed for rural, neighborhood and concrete practices and hospitals. Fast to deploy and intuitive to make use of, Azalea options assure higher coordination of care and higher communication, and the “one affected person, one document” strategy offers healthcare groups the agility they should obtain higher outcomes. The Azalea platform additionally offers instruments and sources to assist suppliers meet their significant utilization necessities and inform their methods for navigating accountable care and various fee fashions.
About LLR Companions
LLR Companions is a decrease center market personal fairness agency that invests in expertise and healthcare firms. We work with our portfolio firms to determine and execute key progress initiatives and assist create long-term worth. Based in 1999 and with greater than $ 5 billion raised throughout six funds, LLR is a versatile supplier of fairness capital for progress, recapitalizations and buyouts. Study extra about www.llrpartners.com.