A Medical Device Daily
Prematics (Bethesda, Maryland) reported the close of a Series B private equity financing led by healthcare investment firm Health Evolution Partners (HEP). The amount of funding was not disclosed.
As part of the investment, David Brailer, MD, PhD, chairman of HEP, will join the Prematics board. Brailer was the first national coordinator for health information technology, overseeing the deployment of health IT from 2004 to 2006.
The financing also includes support from Prematics' founding investors, Foundation Capital and General Catalyst Partners.
The company said it will use the funds to expand deployment of its medication management system, ScriptTone, in partnership with health plans. ScriptTone supports physician acceptance of electronic prescribing through what the company termed a "no-cost, all-inclusive" managed service model.
In conjunction with the financing, company co-founder and entrepreneur Scott Puritz will be stepping off the board.
Prematics is a provider of clinical information technology services.