LLR Partners backs MedBridge

MedBridge, a provider of patient engagement and clinical education solutions, has raised an undisclosed amount of funding. The investor was LLR Partners. DCS Advisory was financial adviser to MedBridge in the transaction.

PRESS RELEASE

SEATTLE, WA – APRIL 3, 2018 – 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.

About MedBridge
MedBridge builds the tools to improve patient outcomes, increase profitability, and mitigate regulatory risk for more than 1,100 organizations nationwide. Named by Inc. Magazine as one of the nation’s fastest growing companies, MedBridge drives better patient care while helping organizations to improve financial performance. The fully-integrated MedBridge platform provides the industry’s most powerful patient engagement, continuing education, compliance training, and enterprise-level reporting tools. Visit our website at www.medbridgeeducation.com.

About 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.