Growth Equity Investment led by LLR Partners

Healthcare
Growth Equity Investment led by LLR Partners

Summary

Baird served as the exclusive financial advisor to Phreesia, Inc.

About

Phreesia, Inc. (“Phreesia” or the “Company”) has secured a $30 million growth equity investment led by LLR Partners (“LLR”).

Phreesia, a leader in healthcare IT point of service solutions, is a SaaS-based check-in, patient communication and revenue-cycle management platform for ambulatory healthcare facilities. Powered by its proprietary software and PhreesiaPad patient engagement devices, the Company currently serves over 1,500 physician practices in more than 50 specialties across all 50 states and its solutions are utilized in more than two million patient encounters each month. Phreesia is headquartered in New York, New York.

LLR Partners is a middle market private equity firm investing in growth companies with proven business models and strong management teams. LLR partners with companies in six industries: business services; consumer & education; financial services; healthcare services; security, defense & government services; and software & IT services. Founded in 1999, LLR has raised more than $2 billion across four funds. The firm provides capital for growth, recapitalizations and buyouts. LLR is headquartered in Philadelphia, Pennsylvania.

For additional information about this transaction, please contact:

Bill Suddath +1 404-264-2222
Ben Brown +1 414-298-7013
James Weck +1 312-609-4675
David Silver +1 44 20 7667 8216
Healthcare
Growth Equity Investment led by LLR Partners
Date
October 2014
Company
Phreesia, Inc.
Transaction
M&A
Sectors
Healthcare
Target Location
North America

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