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Digital Assent Secures $7.5 Million Series B Funding
Date:6/24/2011

ATLANTA, June 24, 2011 /PRNewswire/ -- Digital Assent, provider of the award-winning PatientPad® self-service patient check-in and patient education solution, has received $7.5 million in a Series B funding round.  The lead investors were Sanan Private Equity, the BIP Opportunities Fund and Buckhead Investment Partners (BIP).  Imlay Investments and BLH Venture Partners, who led the Series A funding earlier this year, also contributed.

"We are pleased to receive this investment and validation from Sanan Private Equity and BIP, along with our existing investors, who clearly recognize the rapidly growing market opportunity we are addressing," said Andrew Ibbotson, president and CEO of Digital Assent. "Since launching PatientPad, the demand has been tremendous.  It's now available in doctor's offices across half of the nation and this funding will help us realize our potential even faster."

The PatientPad is a wireless touch-screen solution that automates the patient check-in process and delivers targeted health information and advertising to interested patients while they sit in their healthcare provider's waiting room, exam room or treatment room.

This funding will fuel expansion of the company's sales, marketing and product development efforts.  Since January, the company has sold nearly 1,500 PatientPads to 175 practices in 25 states to help streamline the patient check-in process.  Ibbotson expects coast-to-coast coverage before the end of the year as Digital Assent aggressively launches the solution in all major metropolitan markets nationwide including Chicago, Dallas, Denver, Los Angeles, Miami, New York, Phoenix, San Francisco and Washington D.C.  To meet the demand, Digital Assent will hire additional field representatives and other staff to support a faster nation
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SOURCE Digital Assent
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