Outcome Health Raises First-Ever Round of Funding
Pritzker Group Venture Capital has invested in Outcome Health, the leading health decision support platform, based in Chicago, IL. This represents Outcome Health’s first-ever round of funding. Goldman Sachs, Alphabet, and other strategic healthcare stakeholders also participated in the round.
Founded in 2006 by Rishi Shah and Shradha Agarwal, Outcome Health brings health information and intelligence into the critical moments of care to drive better decisions. Its mission is to activate the best health outcome possible for every person in the world. Today the company’s platform impacts over 500 million patients a year. This round will fund the company’s continued acceleration as Outcome Health grows from 20% of U.S. physician practices currently to 70% by 2020, and pursues new investment opportunities and international growth.
“We believe Outcome Health has the potential to be an industry-defining company, and are thrilled to back the Outcome Heath team. We have known the founders, Rishi and Shradha, for over a decade, and are excited to be part of their journey to bring healthcare into an age of intelligence” commented Matt McCall, Partner at Pritzker Group Venture Capital.
“Outcome Health’s unique position between patients, providers, and industry allows the company to innovate at one of the most impactful moments in the healthcare process and drive better decision-making at scale,” said Adam Koopersmith, Partner at Pritzker Group Venture Capital. “As consumers increase their desire for health information to make more informed decisions, Outcome Health is as well positioned as any company we’ve ever seen to drive better outcomes while reducing costs.”
Outcome Health is the latest of Pritzker Group Venture Capital’s investments in Healthcare IT. Other relevant Pritzker Group Venture Capital investments in Healthcare IT include AiCure, Analyte Health, Apervita, Opternative, SilverVue, and SwipeSense.
About Pritzker Group
Pritzker Group, founded by Tony and J.B. Pritzker, has three principal investment teams: Venture Capital, which provides multi-stage venture funding to technology companies throughout the United States; Private Capital, which acquires and operates leading North America based companies; and Asset Management, which partners with top-performing investment managers across global public markets.
Pritzker Group Venture Capital helps entrepreneurs build market-leading technology companies at every stage of their growth. Since its founding in 1996, the firm has worked side-by-side with entrepreneurs at more than 150 companies, building partnerships based on trust and integrity. The firm’s proprietary capital structure allows for tremendous flexibility, and its experienced team of investment professionals and entrepreneurs offers companies a vast network of strategic relationships and guidance. Successful exits in recent years include Viv (acquired by Samsung), Dollar Shave Club (acquired by Unilever), Fleetmatics (NYSE: FLTX), SinglePlatform (acquired by Constant Contact), Zinch (acquired by Chegg), Playdom (acquired by Disney), LeftHand Networks (acquired by Hewlett-Packard (NYSE: HPQ), TicketsNow (acquired by Ticketmaster (NASDAQ: TKTM), and Cleversafe (acquired by IBM). For more information, visit pritzkergroup.com.
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