Miami, Florida and London, U.K., March 20, 2019—Today, Compiler VC (CVC), an investment fund based in Miami, Florida, announced it has invested $4M in London, UK based, Medical Management Systems (MMS) an international leading provider of electronic health records (EHR), patient scheduling and revenue cycle management (RCM).
MMS and CVC have a shared vision to create health IT solutions that support clinicians and improve patient experience and outcomes. CVC’s investment will ensure continued growth and development of new products and services and the hiring of top talent.
“As the fastest growing EMR provider in the UK, we were approached by several investors”, said Managing Director and co-founder Will Temple. “In CVC, we found both an investor and a partner who invested money and time. As we expand into the public sector in the UK and move on to the NHS IT Future Framework while simultaneously growing our US presence, having an accretive investor was a priority.”
“We are trying to make London a hub of healthcare innovation and Meddbase is currently leading the way in delivering SaaS EHR to some of the largest private providers and insurers in the world,” says Adam Wolman, managing partner of CVC. “CVC invests in innovative companies that are at the top of their field, helping them to achieve their potential. MMS is a natural fit for us, and we are thrilled to support them as they continue to advance and develop world-class EHR that impact patients throughout the world by helping physicians to offer the highest level of care.”
CVC is known as “the entrepreneurs behind the entrepreneur,” and has had a successful track record of investing and building organizations. Its founders, Adam Wolman and Hossein Noshirvani, have helped private companies attain their growth objectives by tapping into a set of resources, knowledge base and network of relationships designed to help companies scale.
“The synergies between MMS and CVC will allow us to continue investing in our people, our product and our sales to solve important healthcare challenges,” said Paul Louth, CTO and co-founder of MMS. “Our focus for the past 14 years has been on developing new, innovative ways to support the needs of our customers. Partnering with CVC will allow us to continue focusing on both current and new customers and developing more effective and efficient solutions to meet their needs.”
Founded in 2004, MMS employs approximately 40 individuals in London and Washington D.C. .