About Kermit PPI
Kermit PPI is a Healthcare company based in Baltimore (United States) founded in 2011, and was acquired by Diversis Capital in November 2025. Cloud-based, point-of-use spend management and financial analytics platform for hospitals in implantable medical devices category. It operates in the Healthcare and Technology sectors. Kermit PPI has raised $525 thousand across 1 funding round from investors including Dreamit and Diversis Capital. The company has 24 employees. Kermit PPI offers products and services including Kermit Platform and Cloud-Based Audit Tool. Its focus areas include HealthTech, Healthcare IT, Provider and Administrative Solutions. Its legal entity is PA & ASSOCIATES HEALTHCARE, LLC. Its competitors include Globality, Fairmarkit and Tropic; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 2011 and based in Baltimore, United States, Kermit PPI operates as a subsidiary of PA Associates Healthcare. A cloud-based platform is provided for point-of-use spend management and financial analytics in the implantable medical devices sector for hospitals. Services include automated contract compliance, bill auditing, and dashboard analytics for surgeons and supply chain teams. The platform is custom-built using Mendix and delivered via subscription model.
- Headquarters Baltimore, United States
- Employees 24
- Stage Acquired
- SectorsHealthcareTechnology
- Email••••••••
- Website kermitppi.com
- Social LinkedIn X Facebook
- Acquired by Diversis Capital (Nov 2025)
- Legal Name Pa & Associates Healthcare, Llc
- Total Equity Funding$525K (USD)
in 1 rounds
- Latest Funding Round$525K (USD), Seed
Mar 2016
- InvestorsDreamit
& 1 more
- Employee Count24
- Acquired byDiversis Capital
(Nov 2025)
Products & Services of Kermit PPI
Kermit PPI offers a comprehensive portfolio of products and services, including Kermit Platform and Cloud-Based Audit Tool.
Provides real-time data for auditing PPI spend in hospitals.
Enables instant contract compliance checks for medical device transactions.
Funding Insights of Kermit PPI
Kermit PPI has successfully raised a total of $525K through 1 strategic funding round. The most recent funding activity was a Seed round of $525 thousand completed in March 2016. 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 $525,000
- Total Rounds 1
- Last Round Seed — $525,000
- First Round $525,000
(Mar 2016)
- Investors Count 1
All 1 funding rounds of Kermit PPI with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2016 | $525,000 | Seed | – | – |
2 investors in total: 2 institutional.
Investors in Kermit PPI
Kermit PPI has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Dreamit and Diversis Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startup accelerator | dreamit.com | New York, United States | ||
Investments in tech startups are made by Diversis Capital. | diversis.com | Los Angeles, United States |
Investor details for Kermit PPI
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Kermit PPI
23 people are tracked at Kermit PPI (6 in leadership, 10 in board & advisors, 7 in team); the tracked headcount is 24.
| Name | Role | Group |
|---|---|---|
John P. Owens | CGO & Co-founder | Leadership |
Kimberly Alvord | Director of Support Services | Leadership |
Sieglinde Peterson | Director of People & Culture | Leadership |
Jason E. Smith | COO & Co-Founder | Leadership |
Mike Jackman | VP of Technology | Leadership |
Brendan Kelly | VP & Client Success Officer | Leadership |
Jayson Slotnik | Board Member | Board & advisors |
Trent Pierce | Clinical Advisor | Board & advisors |
Kenneth Bancroft | Board Member | Board & advisors |
Sal DeTrane | Board Member | Board & advisors |
Matt Stover | Board Member | Board & advisors |
James E. Wood | Board Member | Board & advisors |
Michael Taylor | Chairman | Board & advisors |
Karl Bendy | Strategic Advisor | Board & advisors |
Martin Doordan | Board Member | Board & advisors |
Lisa Hudson | Strategic Advisor | Board & advisors |
Steve Kammar | Data Scientist | Team |
Andy Drewen | Customer Support Representative | Team |
Erich Heerdt | IT Data Analyst | Team |
Dave Zentz | Lead Developer | Team |
3 more people are available in the full profile.
Complete people profiles for Kermit PPI
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Kermit PPI
3 dated milestones of Kermit PPI across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Kermit PPI is founded.
- Funding First funding round of $525K.
- Exit Acquired by Diversis Capital.
Competitors of Kermit PPI
Kermit PPI has 3 listed competitors in our database, 3 of them funded. They include Globality, Fairmarkit and Tropic.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| globality.com | 2015 | Palo Alto, United States | $367.55M | 171 | An AI-based platform for global sourcing and outsourcing is offered. | |
| fairmarkit.com | 2017 | Boston, United States | $77.49M | 102 | Cloud-based tail spend management is delivered for business procurement. | |
| tropicapp.io | 2020 | New York, United States | $67.1M | Cloud-based procurement management solutions are offered for multiple industries. |
Detailed competitors of Kermit PPI
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Kermit PPI
The website of Kermit PPI (kermitppi.com) receives about 1.4K visits a month.
- Monthly visits1.4K
▼ 25.7% vs previous month
Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as Kermit PPI (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Frequently Asked Questions about Kermit PPI
Kermit PPI was founded in 2011 and raised its 1st funding round 5 years after it was founded.
Kermit PPI is headquartered in Baltimore, United States. It is registered at Baltimore, Maryland, United States.
Kermit PPI is a funded company, having raised a total of $525K across 1 funding round to date. The company's 1st funding round was a Seed of $525K, raised on Mar 2016.
Kermit PPI has 24 employees.
Founded in 2011 and based in Baltimore, United States, Kermit PPI operates as a subsidiary of PA Associates Healthcare. A cloud-based platform is provided for point-of-use spend management and financial analytics in the implantable medical devices sector for hospitals. Services include automated contract compliance, bill auditing, and dashboard analytics for surgeons and supply chain teams. The platform is custom-built using Mendix and delivered via subscription model.
Kermit PPI's top competitors include Globality, Fairmarkit and Tropic.
Kermit PPI offers Kermit Platform and Cloud-Based Audit Tool.
Kermit PPI has 2 investors. Key investors include Dreamit, and Diversis Capital.
Kermit PPI operates through Pa & Associates Healthcare, Llc.
Yes. Kermit PPI was acquired by Diversis Capital in November 2025.