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Tebra hits unicorn status after raising $72M for its revolutionary healthcare operating system

Tebra

Tebra, an operating system for independent healthcare providers proving recently announced that it has secured around $72M in funding at a valuation of $1B led by Golub Capital. The latest funding round brings Tebra’s total funds raised to $137M. 

The funds will enable the company to accelerate its merger plan, including expanding market share, developing and launching the combined product line, and advancing the new branding for the company. 

“With this new investment from Golub Capital, we’ll be able to accelerate Tebra’s mission to unlock better healthcare by helping independent practices bring modernized care to patients everywhere,” says Dan Rodrigues, co-founder, and CEO of Tebra. 

He adds, “Simultaneously, we will broaden our market reach and launch new solutions, helping an even larger number of physicians with digital tools and support to attract new patients, get paid quicker, and operate their practice more efficiently.”

Modernising healthcare

In 2021, Kareo and PatientPop, cloud-based leaders in clinical, financial, and practice growth technology, joined forces to form Tebra.

Founded by Dan Rodrigues, Luke Kervin, and Travis Schneider, Tebra is simplifying and modernising healthcare through a platform of tools built for the new era. Tebra’s all-in-one platform includes a fully certified Electronic Health Record (EHR), scheduling, insurance billing, patient payments, telehealth, and more. 

The California-based integrated solution provides a digital backbone for better healthcare of patients which includes reviewing appointment information and sending out surveys for better reputation management. 

Over 800 providers now use the combined operating system, and the company plans to grow significantly both in its existing base and the healthcare industry at large.

The US company says it serves more than 100,000 providers who are delivering care to more than 90M patients in the US. Headquartered in Southern California, the company currently has over 1,000 employees.

Golub Capital is one of Tebra’s top-tier institutional investors, which also includes CommonFund, HLM Venture Partners, OpenView Venture Partners, StepStone Group, Stripes Group, Montreux Equity Partners, Toba Capital, Transformation Capital, and Vivo Capital.

“We are delighted to be a long-standing financing partner to Tebra, supporting them through multiple growth phases, add-on acquisitions, and new product development since 2017,” says Peter Fair, Managing Director at Golub Capital’s Late Stage Lending team. 

“Our mission is the success of our clients and being able to offer flexible solutions that meet the changing goals of their business,” he adds.

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