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Shareable Ink Closes $10.7M in Series C Financing

Growth Trajectory Continues; Industry Veteran Glen Tullman Joins Board of Directors

NASHVILLE, Tenn., December 3, 2013-- Shareable Ink®, the enterprise cloud computing company that transforms point-of-care clinical documentation to structured data and analytics, today announced it has closed $10.7M in Series C financing. Lemhi Ventures, a healthcare-focused venture capital firm dedicated to disruptive change, led the oversubscribed round from existing investors.

The proceeds will be used for continued operational expansions, including client services and R&D, as the company supports its rapidly growing customer base and progresses into additional market segments. Additionally, Glen Tullman, industry veteran and healthcare entrepreneur joins Shareable Ink’s board of directors.

“Shareable Ink has grown considerably, bringing practical transformation to the intersection of clinical and administrative data with an approach that is easy to use, and keeps clinicians productive,” said Tony Miller, Managing Partner of Lemhi Ventures and chairman of the board. “We are pleased to have Glen Tullman join the board and look forward leveraging his experience as we remain committed to Shareable Ink’s mission to deliver the benefits of data-driven healthcare.”

Shareable Ink solutions are focused on enhancing clinician productivity and quality of care delivery by leveraging natural input tools -- like digital pen and paper or iPads -- with a powerful enterprise cloud platform. Clinicians use their existing forms and workflows to complete clinical documentation that is converted into structured and clinically-encoded data that can be used for reporting to hospital IT systems, physician billing systems, and national registries. Today, over 2,000 clinicians use Shareable Ink at nearly 200 hospitals and ambulatory surgery centers across the US.

“I’ve had the pleasure of working side by side with Laurie McGraw for more than a decade. She’s a passionate leader and committed to using innovation to solve today’s complex healthcare challenges,” said Glen Tullman, Shareable Ink Director. “I’m excited to support the Shareable Ink team as they evolve their platform and expand into new markets with focus on keeping physicians productive and using data to inform better patient care.”

“This new funding is a huge vote of confidence in our continued mission to deliver on the benefits of data-driven healthcare,” said Laurie McGraw, President and CEO, Shareable Ink. “In the last several months, hundreds of new clinicians have come online with Shareable Ink. This capital will allow us to increase client operations to service our growing client base as well as expand into additional healthcare markets.”

About Shareable Ink

Shareable Ink is the enterprise cloud computing platform that transforms point-of-care clinical documentation to structured data and analytics through an approach that is immediate, actionable, and effortless. With solutions that are used by providers in leading hospitals and healthcare systems across North America, Shareable Ink enables physicians to enhance productivity and focus on quality of care delivery. Shareable Ink has been recognized as one of America’s most promising companies by Forbes. For additional information, visit http://www.shareableink.com.


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