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Phreesia to Accelerate Growth with $16 Million Investment Led by Ascension Health Ventures
Date:5/25/2010

NEW YORK, May 25 /PRNewswire/ -- Phreesia, the leading patient check-in company, announced today the close of a $16 million Series D investment. Ascension Health Ventures (AHV) led the round, joining existing investors BlueCross BlueShield Venture Partners, L.P., Sandbox Industries, Polaris Venture Partners, HLM Venture Partners, and Long River Ventures. As part of the investment, Victor Kats, Investment Manager at Ascension Health Ventures, will be joining Phreesia's board of directors.

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"We're excited to have AHV leading this round. AHV is a strategic venture fund investing on behalf of four of the largest not-for-profit health systems in the country. Working with a fund like AHV that shares our mission to provide patient-centered care is important for Phreesia," said Phreesia's CEO and co-founder, Chaim Indig. "This investment will enable Phreesia to continue to expand its presence in the healthcare market so as to provide additional clinical value and increase revenue for clinicians across all 50 states."

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