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LLR Partners Invests in MedBridge

on April 3, 2018

Categories: Enterprise, In the News, MedBridge, Press Releases

Capital to support growth of leading patient engagement and clinical education platform

SEATTLE, WA – LLR Partners today announced an investment in MedBridge, an industry-leading provider of patient engagement and clinical education solutions.

MedBridge’s comprehensive platform provides evidence-based clinical and professional education, patient education and home rehabilitation programming for medical and allied health professionals. The platform’s tracking and reporting capabilities aim to improve patient outcomes and operational excellence by identifying and remedying performance gaps through personalized, education-based solutions. MedBridge’s advanced training programs support healthcare organizations to attract, develop and retain talent in order to continually elevate patient care.

“At MedBridge, we believe that education is the most powerful means to improve outcomes. By providing healthcare professionals with access to high quality training and a powerful patient engagement platform, we aim to drive better outcomes for healthcare organizations and enhance the lives of their patients,” said Justin Kowalchuk, MedBridge founder and CEO. “LLR has significant experience in continuing education, particularly within healthcare and nursing. We are excited to leverage their industry knowledge and network as we continue to grow MedBridge.”

MedBridge is widely used across multiple healthcare verticals, including physical therapy, athletic training, occupational therapy, speech-language pathology and nursing. Combined with a sophisticated technology platform, MedBridge includes a growing library of more than 1,350 accredited, video-based courses and webinars, nearly 6,000 video-based home exercises, over 300 patient education resources, and a mobile app to guide patients throughout their rehabilitation. LLR’s investment will be used to support MedBridge’s growth in existing markets as well as expansion into new healthcare verticals.

“We believe MedBridge has found a uniquely effective way to combine clinical education and patient engagement into one user-friendly learning platform,” said Zack Sigal, Vice President at LLR Partners. “MedBridge helps close the knowledge and communication gap between providers and patients across the continuum of care.”

Jack Slye, Partner at LLR Partners added, “We look forward to partnering with Justin and the MedBridge team as they help health systems and other healthcare organizations manage the transition to value-based care and improve outcomes.”

DCS Advisory served as the financial advisor to MedBridge in the transaction.

MedBridge

Combining powerful digital patient care tools with the highest quality education, MedBridge is committed to making healthcare better by empowering providers. Organizations across the care continuum use MedBridge to provide an enriched, digitally enabled experience that engages patients while streamlining and simplifying care. Designed with over a decade of insight from more than 300,000 clinicians and 25 million patients, MedBridge has helped thousands of organizations realize better patient outcomes. Learn more

LLR Partners

LLR Partners is a lower middle market private equity firm committed to creating long-term value by growing our portfolio companies. We invest in a targeted set of industries, with a focus on technology and services businesses. Founded in 1999 and with more than $3 billion raised across five funds, LLR is a flexible provider of capital for growth, recapitalizations, and buyouts. For more information about LLR and advice for scaling growth companies, visit our new website at www.llrpartners.com.