DrFirst Secures $12 million in Financing from SunTrust Bank
September 02 2015 - 08:49AM
Business Wire
Funds to support product development and
organizational expansion initiatives
DrFirst, a leading provider of healthcare IT solutions, today
announced it has secured a $12 million credit facility with
SunTrust Bank. This financing represents a refinancing and a credit
expansion in a new strategic relationship with SunTrust Bank.
“SunTrust Bank is extremely excited to partner with healthcare
IT leader DrFirst. We believe that the Company’s leadership team
will continue to deliver successful results for the company and its
investors,” said Adam Winder, Senior Vice President of SunTrust
Bank. “We have seen the company grow revenues and client base
rapidly over the past several years, and management’s vision for
future product development will further strengthen the company’s
position as a healthcare technology innovator domestically and
abroad.”
DrFirst will use the new capital to expand its sales and
marketing resources, as well as its development resources for both
existing and new products, and for other strategic initiatives.
“Since the start of the company in 2000, we have focused on
identifying challenges that detract from the efficiency, accuracy
and safety with which doctors can help their patients. To address
those challenges, we create user-friendly solutions that improve
clinical outcomes, strengthen healthcare technology
interoperability, and assure provider and patient security,” said
G. Cameron Deemer, president of DrFirst. “Our growth is driven by a
commitment to innovation and reliability across a wide array of
clinical software and support services, and we value this
relationship with SunTrust Bank to help us to bring our solutions
quickly to market.”
About DrFirst
DrFirst pioneers technology solutions that inform the
doctor-patient point of encounter, optimizing provider access to
patient information, enhancing the doctor’s clinical view of the
patient, and improving care delivery and clinical outcomes. We are
proud to serve more than 50,000 providers and more than 330
EMR/EHR/HIS system vendors with a wide array of innovative,
reliable solutions in the areas of eMedication Management,
Medication Adherence and Secure Care Collaboration and
Communication. For more information please visit
www.drfirst.com.
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Media Contact:DrFirstEllie WhimsDirector of Marketing
Communications301-231-9510 ext. 2808ewhims@drfirst.com