Kyruus Secures $30 Million Investment From Francisco Partners
New Funding Will Accelerate Company’s Ability to Support Healthcare Organizations Caring for Patients During Unprecedented Time
BOSTON & SAN FRANCISCO, June 10, 2020-- Kyruus, the leader in provider search and scheduling solutions for health systems, today announced that it has obtained $30 million in new funding from Francisco Partners, a leading global technology-focused private equity firm with extensive experience in healthcare IT. The new financing comes on the heels of a $42 million Series D round Kyruus closed late last year. At a time when the Kyruus platform has been critical to the ability for healthcare organizations to facilitate patient access during the COVID-19 pandemic, the additional funding will propel the company’s plans to expand its platform, broaden its footprint with health systems, and expand to new market segments.
Kyruus pioneered the patient access category within healthcare IT and has maintained its market leadership with an experienced, mission-driven team, award-winning platform, premium partner network, and proven customer impact. The fast-growing company now serves 600 hospitals and over a quarter of a million healthcare providers across the US. Through its enterprise provider data management and patient access platform, Kyruus enables healthcare organizations to understand their care networks like never before and connect consumers with the right care via modern search and scheduling experiences.
“Kyruus exists to enable human beings to care for other human beings,” said Graham Gardner, MD, Co-Founder and CEO of Kyruus. “We anchored our platform on the principle that healthcare organizations could better match patients to the right providers and care settings through a data-driven approach to routing and scheduling. This ability to connect patients to the appropriate care – across virtual and in-person appointments – has never been more critical. We are excited to work with the team at Francisco Partners to accelerate our impact through a range of strategic opportunities.”
Francisco Partners’ investment brings Kyruus’ total funding to more than $155 million. The firm’s Co-President, Ezra Perlman, who focuses on investments in the healthcare IT sector, will serve on Kyruus’ Board of Directors, joining existing investors from Venrock, Highland Capital Partners, and Providence Ventures as well as industry veterans from Partners HealthCare and athenahealth.
“Kyruus offers an unparalleled platform for enabling healthcare organizations to route patients to the right care options and streamline the access experience,” said Ezra Perlman. “At a time when major capacity constraints have converged with a rapid uptick in new care delivery methods, Kyruus is perfectly positioned to meet the industry’s evolving needs. We look forward to working with Graham and the rest of the Kyruus team to support the company’s ability to coordinate care for patients across the country.”
Kyruus delivers industry-defining provider search and scheduling solutions that help health systems match patients with the right providers across their enterprise-wide access points. Serving more than 250,000 providers across leading health systems nationwide, the Kyruus ProviderMatch® suite of solutions—for consumers, access centers, and care settings—enables a modern and consistent patient experience, while optimizing provider utilization. The company’s award-winning provider data management platform powers each of the ProviderMatch solutions and transforms how health systems understand and manage their provider networks. To find out why a Better Match Means Better Care®, visit www.kyruus.com.
About Francisco Partners
Francisco Partners is a leading global private equity firm that specializes in investments in technology and technology-enabled businesses. Since its launch 20 years ago, Francisco Partners has raised more than $24 billion in committed capital and invested in more than 285 technology companies, making it one of the most active and long-standing investors in the technology industry. The firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit franciscopartners.com.
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