Palisades Growth Capital backs Hart


Costa Mesa, California-based Hart, a healthcare-as-a-service company, has raised an undisclosed amount of private equity funding. The investors included Palisades Growth Capital.

PRESS RELEASE

ORANGE COUNTY, CALIF. (PRWEB) NOVEMBER 27, 2018

Hart, the leader of the movement that views Healthcare as a Service (HaaS), has secured Private Equity funding in its latest round to position it for market expansion. The round was led by Palisades Growth Capital as well as existing investors. The funding represents a clear milestone for the company to position it for market expansion as adoption for the company’s platform increases.

Hart’s Healthcare as a Service (HaaS) is powered by the company’s powerful bidirectional data platform which keeps Hart’s clients relevant and effective in today’s patient-driven landscape. Capable of extracting and intelligently acting on health data from disparate sources, Hart makes it possible to rapidly access and unify information among hospitals, providers, clinics and payors.

“Healthcare is a rapid area of growth for companies that understand its nuances and we have worked hard with our customers to position them for the next generation of healthcare interoperability, which moves beyond basic exchange of information to truly solve for data gaps.” said Rick Hopfer Co-CEO of Hart.

“Today, systems exchange data and manage care gaps but that is not the purpose of the next generation of interoperability, instead it needs to focus on high-fidelity data and fluid near realtime accessibility. What exists today is not enough to support the upcoming changes health care has on the horizon, and that is precisely what Hart helps its clients achieve; helping them build the future of healthcare,” added Mohamed Alkady, Co-CEO.

Hart’s new financing will be used to accelerate sales and marketing efforts with a specific focus on channel partners and direct-to-market strategy as well as increase engineering efforts on product, machine-learning and automation to support the increased rate of adoption.

“Data interoperability is common practice in most technology sectors but remains one of the largest challenges in Healthcare IT. Given the Industry’s move to Value Based Care and accelerating pace of consolidation, Hart’s technology platform addresses the massive data management requirements to connect a myriad of siloed data sources and disparate systems.” Said Jeff Anderson, Partner at Palisades Growth Capital. “With Hart’s technology and its Healthcare as a Service Platform, it’s helping clients truly start building the future of healthcare, today.”

About Hart
Since its founding in 2012, Hart has focused on pioneering the movement known as Healthcare as a Service. By focusing on building the underlying platform: Hart enables systems, providers, payers, developers and patients to build the future of healthcare. Harts platform creates data liquidity which helps physicians, systems, and patients gain access to better understand critical health information. Hart believes that making this information more readily available will improve the ways in which those inside and outside of the industry access and engage with their health, and health related data thus building the future of healthcare.

About Palisades Growth Capital
Palisades Growth Capital (“Palisades”) is a Los Angeles-based growth equity firm making investments in technology businesses primarily in Southern California. Palisades focuses on a variety of sectors including Software, Mobile, and Technology Enabled Businesses. More information on Palisades Growth Capital can be found at http://www.palisadesgrowth.com.

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