MedBridge Inc.
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MedBridge Inc. - overview
Established
2011
Location
Bellevue, WA, US
Primary Industry
Software
About
Based in the US, MedBridge Inc. operates as a provider of healthcare education and patient care software solutions, aimed at enhancing clinical practice and improving patient engagement across various healthcare disciplines. MedBridge Inc. specializes in healthcare education and patient care software solutions.
Founded in 2011 in Bellevue, US by Tony Jawhar, the company has since conducted two deals, with the most recent on December 1, 2020. Donovan Campbell also serves as a CEO. MedBridge specializes in providing a comprehensive suite of healthcare education and patient care software solutions aimed at enhancing clinical practice and patient engagement. The core offerings include a robust online continuing education platform featuring over 2,500 accredited courses tailored for various healthcare disciplines, such as physical therapy, occupational therapy, and nursing.
Additionally, MedBridge provides tools like customizable home exercise programs, remote therapeutic monitoring, and digital triage solutions that facilitate patient education and streamline care delivery. The platform serves a diverse clientele, including over 360,000 healthcare providers across large health systems, private practices, and other healthcare organizations, particularly in North America and select international markets. MedBridge's focus is to empower clinicians to deliver evidence-based care efficiently while fostering patient involvement in their treatment plans. MedBridge generates revenue primarily through subscription models, wherein healthcare organizations pay for access to its educational resources and patient care tools.
Clients typically engage with the company through tiered pricing plans based on the number of seats or users, allowing organizations to scale their use of MedBridge's offerings according to their size and needs. Revenue transactions are structured around these subscription agreements, which may include provisions for ongoing access to new educational content and updates to digital tools. While specific pricing details for individual products are not disclosed, the offerings include flagship services such as the MedBridge Educate platform, which is central to its business model. The company’s focus on providing high-quality educational content and clinical resources positions it as a significant player in the healthcare education sector.
MedBridge plans to leverage the recapitalization by Brentwood Associates in December 2020 to enhance its product offerings and expand into new markets. This includes the design and launch of new educational tools and resources aimed at further integrating technology into patient care by 2022. The company is targeting growth within international markets, aiming to establish a presence in Europe and Asia within the next three years, utilizing the funding to support its research and development efforts for new product innovations.
Current Investors
Brentwood Associates, LLR Partners
Primary Industry
Software
Sub Industries
Education & Training Website, Healthcare IT, Education & Training Software
Website
www.medbridgeeducation.com
Verticals
Cloud Computing
Company Stage
Mature
Total Amount Raised
Subscriber access only
MedBridge 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Recapitalisation | Completed | MedBridge Inc. | - | ||||||||
| Growth | Completed | MedBridge Inc. | - |
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