Specialty-specific health information technology leader Modernizing Medicine, Inc. confirmed to MHW today that funds affiliated with Warburg Pincus, a global private equity firm focused on growth investing, have made a major investment of $231 million into the company.
The goal of the investment, we’re told, is to provide liquidity to existing shareholders, fund further expansion and support future strategic endeavors.
Founded in 2010 by Daniel Cane and Dr. Michael Sherling, Modernizing Medicine is at the forefront of providing intelligent, medical technology.
Modernizing Medicine’s success can be attributed to its development of technology to support the unique needs of physicians in surgical and medical specialties.
“We expect this infusion of capital from Warburg Pincus to be instrumental in advancing our mission to transform how healthcare information is created, consumed and utilized to increase efficiency and improve outcomes,” said Daniel Cane, CEO and co-founder of Modernizing Medicine. “Warburg Pincus brings deep experience in the healthcare technology sector and this investment can help further our growth, bolster innovation and support our clients.”