Employee Health Record Solution Secures £2.25m Investment to Expand Online Platform

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London, October 8th 2021 Employee health record solution secures £2.25m investment to expand online platform Medical Management Systems (MMS) will use the funding from the independent asset manager BOOST&Co to develop its online platform and secure new contracts with international organisations. Medical Management Systems Ltd (MMS), the software company behind the UK’s leading online employee […]

London, October 8th 2021

Employee health record solution secures £2.25m investment to expand online platform

Medical Management Systems (MMS) will use the funding from the independent asset manager BOOST&Co to develop its online platform and secure new contracts with international organisations.

Medical Management Systems Ltd (MMS), the software company behind the UK’s leading online employee health record solution, Meddbase, has secured a £2.25m investment from the alternative lender, BOOST&Co.

Beginning its journey with a single office in north London more than 20 years ago, Meddbase now operates globally, allowing healthcare professionals to securely carry out patient-led services using any web-enabled device. To date, the software has processed more than 16 million patient records and in 2021, holds over 900 million patient appointments, processing more than £1 billion in revenue for its customers.

The investment from BOOST&Co will enable MMS to continue to develop its practice management and patient record system, as well as expand the online platform’s capability to secure contracts within new geographical markets and verticals.

Alongside this investment, the product has also been named as a finalist for Healthcare Technology Provider of the Year in the 2021 Health Investor Awards.

BOOST&Co has chosen to invest in MMS due to its superior product and extensive track-record with reputable customers such as UnitedHealthcare, Bupa, and the NHS. It is also anticipated that several development roles will be generated within the business, as part of this investment in growth.

Oliver Reece, principal at BOOST&Co says:

“We’re delighted to be able to provide this support for MMS and are excited to work with the team through this next chapter of their journey. MMS represents a great example of how investment can accelerate growth and we are pleased to support the business as it expands internationally and pursues a strategy that is clear and well thought through.”

Will Temple, Managing Director at MMS says:

“Since 2004 we have been pioneering the development of cloud-native systems capable of managing every aspect of medical businesses securely online. Our mission to join up healthcare processes, using our market-leading platform Meddbase, has been built on continuous innovation. There is always more work to be done to remain at the forefront of technological advances in healthcare, and this investment from BOOST&Co will enable us to continue to expand the product offering and further grow the business.”

About Meddbase and Medical Management Systems

Medical Management Systems Ltd is a British software house which began work on Meddbase, its pioneering cloud-native patient record management system, in 2004. The company is fuelled by the simple vision of revolutionising healthcare technology using a SaaS delivery model, and over the last 16 years has created an industry-changing product. Meddbase is the first new entrant to the UK’s NHS GPIT Futures Framework in over 12 years, and the only online supplier on the catalogue. For more information on Meddbase, visit Meddbase.com.

About BOOST&Co

BOOST&Co is a leading provider of growth capital for innovative, fast-growing UK SMEs. The independent asset manager, which offers loans of £2m to £10m, covers all sectors, with a strong track record in TMT (technology, media and telecommunications). The lender has offices in London, Manchester, Bristol, Cambridge and Cape Town, with additional dealmakers in Birmingham, Reading and Leeds. It manages funds on behalf of large institutional investors, including insurance companies and pension funds. For more information about BOOST&Co, visit boostandco.com