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TripleTree Advises Avizia in Securing $11M in Growth CapitalTripleTree, LLC, a strategic advisor and merchant bank serving innovative and market-leading companies in healthcare, is pleased to announce that it advised Avizia as it closed its latest round of financing in the amount of $11M. The round was led by Blue Heron Capital and joined by Lavrock Ventures, NextGen (News - Alert) Venture Partners, Middleland Capital, Waterline Capital, and Blu Ventures. Avizia powers the rapidly growing telemedicine market with the healthcare industry's first end-to-end, integrated, cloud-based telemedicine platform empowering providers to deliver virtual and connected care. Since being founded in 2013, Avizia delivers telehealth solutions to 37 of the top 100 healthcare integrated delivery networks (IDNs) in the U.S., at hundreds of hospitals and clinics, and sales in 36 countries around the world. "Telemedicine is keenly aligned with the goals of healthcare reform and delivers significant value to health systems by improving access and quality and reducing cost," said Brice Baradel, Director at TripleTree. "With multiple industry tailwinds, a highly scalale model, and a large addressable market, Avizia is well positioned for continued growth of its rapidly expanding and highly innovative product suite." "Improving patient care is at the heart of everything we do. It's why we founded Avizia and why we go to work every day," said Avizia CEO and Co-Founder, Mike Baird. "To deliver on that promise, we're focused on building an end-to-end telehealth platform that enables any provider to see any patient in any place. We are transforming patient care through innovation to improve the patient experience." TripleTree acted as the exclusive financial advisor to Avizia for this transaction.
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