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Epion Health Closes on $4.5M Series A Funding

July 30, 2014

Epion Health reported the closing of a $4.5M Series A financing round with Deerfield Management Company.

The company said in a release that the funding will be used to scale Epion's iPad based, digital check-in and patient engagement platform used in healthcare facilities around the country.

At the announcement, Epion's CEO, Joe Blewitt said, "This additional capital comes into the company at an exciting time. We now have the necessary resources for the foreseeable future to capitalize on a very large market opportunity. In addition to growing our sales and operations teams, a portion of the funding will be used to continue to enhance our product for our rapidly growing network of providers. Our focus is on helping our providers increase revenues, decrease costs and improve patient satisfaction and patient outcomes. We're excited to be partnering with Deerfield Management. In addition to deep pockets, Deerfield brings strong healthcare industry expertise and an extremely robust research arm to the table."

"Deerfield is committed to supporting innovative healthcare technology solutions and is excited about Epion's ability to both improve practice level economics as well as enhance clinical care and patient experience," remarked Leslie Henshaw, a Partner at Deerfield Management.

Epion Health is a Healthbox Accelerator alumni company and offers a software as a service, patient engagement platform at the point of care, beginning with the patient check-in process.

Deerfield is an investment management firm committed to advancing healthcare through investment, information and philanthropy.

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Source: Professional Services Close - Up

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