GreenLight Medical, Inc.
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GreenLight Medical, Inc. - overview
Established
2014
Location
Nashville, TN, US
Primary Industry
Software
About
GreenLight Medical, Inc. is a healthcare technology company focused on enhancing operational efficiencies and patient care outcomes through innovative software solutions tailored for healthcare organizations. Founded in 2014 in Nashville, US, GreenLight Medical, Inc. specializes in healthcare operations solutions.
The company was recently acquired by Vendor Credentialing Service LLC in March 2022, which aims to elevate its healthcare operations. The CEO and founder, Austin Dirks, leads the company with a vision for streamlined healthcare processes. The company has engaged in a total of three funding deals and raised USD 1. 17 mn in its latest funding round.
GreenLight Medical, Inc. offers a suite of healthcare operations solutions designed to enhance efficiency, compliance, and patient care outcomes within healthcare organizations. Their core offerings include the GreenLight Operations Platform, which integrates provider data management, workforce management, clinical communication, and spend management, directly supporting credentialing processes and efficient physician scheduling. The company serves over 400 payers and numerous healthcare providers across the United States, focusing on transforming healthcare supply chains and operational workflows.
GreenLight Medical, Inc. generates revenue primarily through a subscription-based model for its software solutions, tailored specifically to the needs of healthcare organizations. Clients typically subscribe to multi-year service agreements that include various features of the GreenLight Operations Platform. Additional revenue is derived from transactional fees for services such as credentialing software and workforce management tools, aimed at improving patient care and operational efficiency.
GreenLight Medical, Inc. plans to leverage its recent acquisition to accelerate its healthcare operations. The company is expected to focus on the development and launch of new software products designed to enhance operational efficiencies, with specific timelines for release to be announced. Additionally, GreenLight aims to expand into new markets, particularly targeting regions within North America and Europe by the end of 2023.
The recent funding will support these initiatives, allowing the company to strengthen its product offerings and market reach.
Current Investors
Jumpstart Health Investors
Primary Industry
Software
Sub Industries
Healthcare IT, Medical Software
Website
www.greenlightmedical.com
Verticals
Cloud Computing, HealthTech, IoT (Internet of Things)
Company Stage
Add-on
Total Amount Raised
Subscriber access only
GreenLight Medical, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | GreenLight Medical, Inc. | - |
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