Deal Details
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.
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- Date
- October 2014
- Company
- Phreesia, Inc.
- Transaction
- M&A
- Sectors
- Healthcare
- Target Geography
- North America
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