[October 22, 2014]

North Bridge Growth Equity Acquires Majority Stake in Ingenious Med

Ingenious Med, provider of the premier patient encounter platform, today announced that it has secured a majority stake investment from North Bridge Growth Equity, a leading growth equity firm focused on investing in high-growth technology companies. Atlanta-based Ingenious Med provides the leading cloud-based, patient encounter platform, IM1, in the healthcare industry. The solution automates physician and care team workflow at the point of care, unifying communication, coding, revenue, and business and clinical intelligence into a single, easily integrated solution that can be accessed through mobile devices or the Web.

Ingenious Med serves 25,000 users at 900+ healthcare facilities across the U.S., including seven of the 10 largest hospitalist management companies as well as the top three health systems.

With recent healthcare reform, hospitals and practices all over the country are facing the challenge of improving care while lowering costs. With its cloud-based technology, Ingenious Med can increase efficiency, quality of care, and revenue in three meaningful ways: care team coordination and collaboration, charge capture, and real-time insights into patient and physician data.

"Since our inception as a physician-led company, Ingenious Med has had tremendous success with the widespread adoption of our workflow enhancing solutions," said Dr. Steven Liu, founder and chief medical officer of Ingenious Med. "The company entered into a period of explosive growth five years ago, establishing itself as a robust enterprise and major player in the market. The North Bridge investment will help accelerate the company's disruptive impact and growth as we further expand our clinician alignment offerings."

"There's a great cultural and strategic fit between the two teams, and we couldn't be more excited about the alue of North Bridge's knowledge and deep experience in healthcare," said S. Hart Williford, CEO and president of Ingenious Med. "Our internal slogan at Ingenious Med is styled after NASA's, we strive to 'dare mighty things.' This mindset is also part of North Bridge's DNA and we expect the significant acceleration of our growth through the 'North Bridge Effect' to improve our value to healthcare systems and organizations around the country."

North Bridge managing director, Doug Kingsley, and principal Roshen Menon are joining the Board of Directors of Ingenious Med.

"We are excited to partner with the world-class team at Ingenious Med to tackle what is still a 90 percent paper-based market with a solution that has the ability to generate billions of dollars in savings across the healthcare spectrum," Kingsley said.

Menon added, "Ingenious Med's tireless focus on enabling and enhancing provider workflow at the point-of-encounter has been key to the company's success and the adoption of its solutions by leading hospital systems. As the market continues to move toward value-based care, these solutions will become even more critical. We look forward to supporting the company's mission of continued innovation and delighting its customers."

Also joining the Ingenious Med board is George Lynn with more than 30 years of experience as a healthcare executive for provider organizations. As the former president and CEO of AlantiCare, he helped establish southeastern New Jersey's premier integrated healthcare network. Lynn also served as a two-term chairman of the American Hospital Association.

About Ingenious Med

Ingenious Med provides the leading patient encounter platform, a cloud based, Web and mobile point-of-care solution that automates the workflow of care teams in the areas of care coordination, charge capture, and advanced analytics. Ingenious Med develops useful, useable solutions to increase the quality of care, protect and bolster revenue, and most importantly of all, put physicians' time where it is needed most: with their patients. Founded in 1999 by a group of physicians that sought to use technology to address the unanswered needs of the healthcare providers with useable solutions, Ingenious Med stands today as an industry leader, serving more than 25,000 users in the nation's leading healthcare facilities. www.IngeniousMed.com

About North Bridge

North Bridge Growth Equity, and its affiliate North Bridge Venture Partners, actively partner with founders and entrepreneurs of market leading companies, who are using technology to disrupt and reinvent big markets. With $3.8 billion of capital under management, the firm has funded more than 170 companies creating many billions in market value. Among those firms are Acquia, Actifio, Clarity (News - Alert) Software Systems, Dyn, Demandware, Proto Labs, Starent Networks, Seniorlink, Smart Pak and Valence Health. The firm has offices in Waltham, MA and Palo Alto (News - Alert), CA. To learn more about North Bridge go to www.northbridge.com.

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