Practice Fusion Said to Be Valued at $700 Million
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Practice Fusion Inc., a provider of Web-based software for the medical industry, said it raised $70 million in a financing round led by investors including Kleiner Perkins Caufield & Byers.
The funding values San Francisco-based Practice Fusion at $700 million, said a person with knowledge of the deal, who asked not to be identified because the valuation wasn’t disclosed. Joining Kleiner Perkins were OrbiMed Advisors LLC and Deerfield as well as Artis Ventures and other previous investors, Practice Fusion said today in a statement.