About Azalea Health
Azalea Health is a company based in Atlanta (United States) founded in 2008 by Douglas Swords and Baha Zeidan.. Azalea Health has raised $12.31 million across 6 funding rounds from investors including Canadian Imperial Bank of Commerce, Square 1 Bank and LLR Partners. Azalea Health has completed 4 acquisitions, including LeonardoMD, Prognosis Innovation and dashboardMD. Azalea Health offers products and services including Hospital EHR, Ambulatory EHR, Revenue Cycle Management, Patient Engagement Software, and Practice Management Software. Azalea Health operates in a competitive market with competitors including Health Catalyst, CitiusTech, CompuGroup Medical, IKS Health and DrFirst, among others.
- Headquarter Atlanta, United States
- Founders Douglas Swords, Baha Zeidan
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Sectors
Healthcare
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Phone
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Website
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Social
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- Legal Name Azalea Health Innovations, Inc. Dba Azalea Health
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12.31 M (USD)
in 6 rounds
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Latest Funding Round
$45 M (USD), Debt – Conventional
Dec 16, 2022
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Investors
Canadian Imperial Bank of Commerce
& 4 more
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Employee Count
Employee Count
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Investments & Acquisitions
LeonardoMD
& 3 more
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Products & Services of Azalea Health
Azalea Health offers a comprehensive portfolio of products and services, including Hospital EHR, Ambulatory EHR, Revenue Cycle Management, Patient Engagement Software, and Practice Management Software. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for hospital charting and patient data management
EHR for clinics to streamline workflows and patient care
Services for healthcare claims and payment processing
Software to enhance provider-patient interactions
Platform for managing admin and billing tasks
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Funding Insights of Azalea Health
Azalea Health has successfully raised a total of $12.31M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $45 million completed in December 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Debt – Conventional — $45.0M
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First Round
First Round
(15 Jan 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2022 | Amount | Debt – Conventional - Azalea Health | Valuation |
investors |
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| Oct, 2021 | Amount | Debt – Conventional - Azalea Health | Valuation |
investors |
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| Mar, 2021 | Amount | Series C - Azalea Health | Valuation | LLR Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Azalea Health
Azalea Health has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce, Square 1 Bank and LLR Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity firm investing in technology and healthcare businesses for growth capital.
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Founded Year | Domain | Location | |
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Early-stage life sciences and tech focused VC firm funding companies in the US
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Founded Year | Domain | Location | |
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Commercial banking services are provided to individuals and businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Azalea Health
Azalea Health has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include LeonardoMD, Prognosis Innovation and dashboardMD. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Enterprise EHR and financial systems are provided for hospitals.
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2010 | ||||
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EHR, Practice Management and Medical Billing solution provider
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2008 | ||||
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Cloud-based business intelligence reporting and healthcare analytics are provided.
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2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Azalea Health
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Azalea Health Comparisons
Competitors of Azalea Health
Azalea Health operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Health Catalyst, CitiusTech, CompuGroup Medical, IKS Health and DrFirst, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based data analytics are provided for healthcare organizations.
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| domain | founded_year | HQ Location |
Provider of AI solutions for clinical, operational, and business outcomes
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| domain | founded_year | HQ Location |
Suite of practice management, reimbursement, laboratory and analytics solutions to healthcare providers
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| domain | founded_year | HQ Location |
Provider of healthcare technology and services for revenue cycle management and clinical support
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| domain | founded_year | HQ Location |
E-prescription and secure messaging solutions are offered to healthcare providers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Azalea Health
Frequently Asked Questions about Azalea Health
When was Azalea Health founded?
Azalea Health was founded in 2008 and raised its 1st funding round 7 years after it was founded.
Where is Azalea Health located?
Azalea Health is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Who is the current CEO of Azalea Health?
Baha Zeidan is the current CEO of Azalea Health. They have also founded this company.
Is Azalea Health a funded company?
Azalea Health is a funded company, having raised a total of $12.31M across 6 funding rounds to date.
What does Azalea Health do?
Azalea Health provides The Azalea platform which is electronic health records with integrated telehealth functionality as well as personal health records and mobile health applications. The integrated platform has the flexibility to serve all practices and hospital ambulatory strategies, immediately improving cash flow as well as clinical outcomes through revenue cycle performance and care coordination innovation. Azaleas solutions include - Electronic Health Records (EHR), Electronic Prescribing (eRx), Interoperability Services, Laboratory Ordering Results, Patient Portal PHR, Telehealth, AzaleaM mobile platform integrated with Apple Healthkit, Population Health Management, Revenue Cycle Performance Services, Patient-centered Medical Home Services and Pre-certification Services. Azalea Health started as a medical billing company, but pivoted to offer a single practice management solution.
Who are the top competitors of Azalea Health?
Azalea Health's top competitors include IKS Health, Innovaccer and CompuGroup Medical.
What products or services does Azalea Health offer?
Azalea Health offers Hospital EHR, Ambulatory EHR, Revenue Cycle Management, Patient Engagement Software, and Practice Management Software.
How many acquisitions has Azalea Health made?
Azalea Health has made 4 acquisitions, including LeonardoMD, Prognosis Innovation, and dashboardMD.
Who are Azalea Health's investors?
Azalea Health has 5 investors. Key investors include Canadian Imperial Bank of Commerce, Square 1 Bank, LLR Partners, Kayne Anderson Capital Advisors, and Intersouth Partners.