January 27, 2015 4:06 PM ET

Health Care Technology

Company Overview of Kareo, Inc.

Company Overview

Kareo, Inc. provides cloud-based medical office software and services platform for small medical practices. The company offers administration, practice management, electronic health records, and billing and collections services. The company was founded in 2004 and is based in Irvine, California with an additional office in Las Vegas, Nevada; and Indianapolis, Indiana.

3353 Michelson

Suite 400

Irvine, CA 92612

United States

Founded in 2004

Phone:

888-775-2736

Fax:

949-209-3473

Key Executives for Kareo, Inc.

Chief Financial Officer
Chief Medical Information Officer
Age: 48
Director of Marketing & Communications
Director of Business Development
Compensation as of Fiscal Year 2014.

Kareo, Inc. Key Developments

Kareo to Opens Office in San Francisco to Accelerate Innovation

Kareo announced it will be opening a new office in San Francisco in December 2014 to support product innovation and to meet the accelerating demand for solutions tailored to help independent physicians succeed. Kareo plans to add several dozen team members in San Francisco over the next year. The new office will be located one block from Union Square, right in the heart of San Francisco and will be Kareo's fourth U.S. location. Currently, the California-based company also has sites in Irvine, Las Vegas and Indianapolis all focused on delivering to the unique needs of independent practices nationwide.

Kareo Secures $15 Million in Mezzanine Debt from Escalate Capital Partners

Kareo announced that it has received $15 million in mezzanine debt from Escalate Capital Partners. In 2014, Kareo has secured a total of $47 million in funding, reinforcing the company's unprecedented growth and further enhancing Kareo's role as the independent physician's trusted partner. Kareo enables independent physicians and their staff to streamline patient engagement, clinical documentation, billing, and other critical administrative processes in order to focus on what matters most - providing quality patient care. The $15 million in new growth capital will be used to further expand Kareo's reach and deepen its solution set to meet inevitable demand due to patient-driven shifts in the industry, while accelerating the development and innovation of the company's cloud-based technology.

Kareo Appoints Brett Caine to the Kareo Board of Directors

Kareo announced that Brett Caine has been appointed to the Kareo board of directors. Caine previously served as president of Citrix Online, a division of Citrix Systems, Inc., where he was responsible for growing the company's SaaS business to record revenues and profits.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
October 24, 2014
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