Health / Health tech / Investing

DrFirst gets $25 million from Goldman Sachs

The Rockville, Md.-based company has raised $42 million in the past year.

DrFirst was named one of Deloitte's fastest growing tech companies in 2014. (Photo via Facebook)

The Rockville, Md.-based healthcare IT company DrFirst announced on Wednesday that it has raised $25 million in equity financing from Goldman Sachs. This rounds out a total of $42 million in financing raised over the past year.
DrFirst has developed a range of products and platforms, all offering tech solutions to improve the patient-provider interaction in healthcare.
“Goldman Sachs is excited to partner with healthcare IT leader DrFirst,” Stephen Kerns, a vice president in Goldman Sachs’ Private Capital Investing group, said in a statement. “We believe the company’s leadership team will continue to deliver successful results for the company and its investors.”
According to the press release, DrFirst plans to direct these funds towards sales and marketing, as well as expanding “development resources” for new and existing products.
“We have always been focused on developing technology solutions that close gaps in efficiency, accuracy and safety surrounding patient-provider points of encounter,” G. Cameron Deemer, president of DrFirst, said. “Our relationship with Goldman Sachs enables our continued commitment to address these challenges by delivering software that improves clinical outcomes, strengthens healthcare technology interoperability, and assures patient safety.”

Companies: Goldman Sachs

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