Practice Fusion adds $70M to coffers

AuntMinnie.com staff writers
Sep 24, 2013

Healthcare IT developer Practice Fusion has raised $70 million in a financing round.

Led by Kleiner Perkins Caufield Byers (KPCB) and institutional investors OrbiMed Advisors and Deerfield Management, with participation by its previous venture capital investors including Artis Ventures, Practice Fusion has now raised total capital of $134 million, according to the firm.

The company said it plans to use the funds to accelerate leadership in the electronic medical record market, expand its offerings to patients, and support new clinical data research and development.

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