About Medsphere Systems
Medsphere Systems is a company based in Carlsbad (United States) founded in 2002.. Medsphere Systems has raised $151.29 million across 15 funding rounds from investors including Morgan Stanley, East West Bank and Wells Fargo. The company has 352 employees as of December 31, 2022. Medsphere Systems has completed 6 acquisitions, including ChartLogic, HealthLine Solutions and Marketware. Medsphere Systems offers products and services including Inpatient EHR, RCM Cloud, Phoenix IT Services, ChartLogic, and Supply Chain Management. Medsphere Systems operates in a competitive market with competitors including Modernizing Medicine, Practice Fusion, Flatiron Health, Hint Health and CareStack, among others.
- Headquarter Carlsbad, United States
- Employees 352 as on 31 Dec, 2022
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Sectors
HealthcareTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Medsphere Systems Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$151.29 M (USD)
in 15 rounds
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Latest Funding Round
$50 M (USD), Debt – Conventional
Oct 28, 2021
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Investors
Morgan Stanley
& 9 more
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Employee Count
352
as on Dec 31, 2022
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Investments & Acquisitions
ChartLogic
& 5 more
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Products & Services of Medsphere Systems
Medsphere Systems offers a comprehensive portfolio of products and services, including Inpatient EHR, RCM Cloud, Phoenix IT Services, ChartLogic, and Supply Chain Management. 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 tracking patient data in hospitals
System for billing and payment processing in healthcare
Services for IT strategic planning and support
EHR suite for physician practices and medical billing
Tools for healthcare supply tracking and optimization
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Funding Insights of Medsphere Systems
Medsphere Systems has successfully raised a total of $151.29M across 15 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $50 million completed in October 2021. 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 15
- Last Round Debt – Conventional — $50.0M
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First Round
First Round
(25 Jan 2005)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Debt – Conventional - Medsphere Systems | Valuation |
investors |
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| Jan, 2020 | Amount | Series F - Medsphere Systems | Valuation | Sixth Street |
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| Dec, 2018 | Amount | Series E - Medsphere Systems | Valuation | Morgan Stanley |
| 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 |
Investors in Medsphere Systems
Medsphere Systems has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Morgan Stanley, East West Bank and Wells Fargo. 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 and debt investments are managed across multiple sectors.
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Founded Year | Domain | Location | |
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Structured debt is provided to life sciences and technology firms.
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Founded Year | Domain | Location | |
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Early-stage investments are targeted by Azure Capital Partners.
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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 Medsphere Systems
Medsphere Systems has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include ChartLogic, HealthLine Solutions and Marketware. 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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Outsourced IT services for healthcare organizations are provided.
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2009 | ||||
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Healthcare inventory and supply chain management services are offered.
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1997 | ||||
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Offers a full ambulatory EHR suite, including electronic medical record, practice management, revenue cycle management
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1994 |
| 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 - Medsphere Systems
| 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 |
Medsphere Systems Comparisons
Competitors of Medsphere Systems
Medsphere Systems 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 Modernizing Medicine, Practice Fusion, Flatiron Health, Hint Health and CareStack, 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 |
AI-driven EMR and practice management software is delivered for clinics.
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| domain | founded_year | HQ Location |
Cloud-based EHR system is provided for physicians' practices.
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| domain | founded_year | HQ Location |
Cloud-based oncology management tools are provided for cancer care providers.
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| domain | founded_year | HQ Location |
SaaS-based practice management solution is provided for healthcare professionals.
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| domain | founded_year | HQ Location |
Cloud-based software for dental practice management is developed.
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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 Medsphere Systems
Frequently Asked Questions about Medsphere Systems
When was Medsphere Systems founded?
Medsphere Systems was founded in 2002 and raised its 1st funding round 3 years after it was founded.
Where is Medsphere Systems located?
Medsphere Systems is headquartered in Carlsbad, United States. It is registered at Carlsbad, California, United States.
Is Medsphere Systems a funded company?
Medsphere Systems is a funded company, having raised a total of $151.29M across 15 funding rounds to date. The company's 1st funding round was a Series E of $32M, raised on Jan 25, 2005.
How many employees does Medsphere Systems have?
As of Dec 31, 2022, the latest employee count at Medsphere Systems is 352.
What does Medsphere Systems do?
Medsphere Systems was founded in 2002 and is headquartered in Carlsbad, United States. Open-source solutions are offered for the healthcare sector, including the OpenVista portfolio for hospitals, clinics, and integrated networks. This encompasses an electronic health record system with modules for patient management, clinical information, laboratory, pharmacy, radiology, nutrition services, and interfaces. Implementation, training, support, and development services are also provided.
Who are the top competitors of Medsphere Systems?
Medsphere Systems's top competitors include Modernizing Medicine, Eka Care and Flatiron Health.
What products or services does Medsphere Systems offer?
Medsphere Systems offers Inpatient EHR, RCM Cloud, Phoenix IT Services, ChartLogic, and Supply Chain Management.
How many acquisitions has Medsphere Systems made?
Medsphere Systems has made 6 acquisitions, including ChartLogic, HealthLine Solutions, and Marketware.
Who are Medsphere Systems's investors?
Medsphere Systems has 10 investors. Key investors include Morgan Stanley, East West Bank, Wells Fargo, Horizon Tech Finance, and Azure Capital Partners.
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