About ProVation Medical
ProVation Medical is a company based in Minneapolis (United States) founded in 1994 was acquired by Fortive in December 2021. ProVation Medical has raised $14.5 million across 1 funding round from investors including Wolters Kluwer, Fortive and NEA. The company has 184 employees as of December 31, 2020. ProVation Medical has completed 3 acquisitions, including MD-Reports, ePreop and iProcedures. ProVation Medical offers products and services including Provation Apex, Provation iPro, and Provation Order Set Advisor. ProVation Medical operates in a competitive market with competitors including CureApp, Envision Healthcare, HNI Healthcare, Eon and AgileMD, among others.
- Headquarter Minneapolis, United States
- Employees 184 as on 31 Dec, 2020
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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 Provation Software Group, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$14.5 M (USD)
in 1 rounds
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Latest Funding Round
$14.5 M (USD), Series B
Apr 30, 2002
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Investors
Wolters Kluwer
& 5 more
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Employee Count
184
as on Dec 31, 2020
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Investments & Acquisitions
MD-Reports
& 2 more
- Acquired by
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Products & Services of ProVation Medical
ProVation Medical offers a comprehensive portfolio of products and services, including Provation Apex, Provation iPro, and Provation Order Set Advisor.
Cloud-based software for procedure and patient charting.
System for anesthesia information and workflow streamlining.
Tool for clinical order set and care plan management.
People of ProVation Medical
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Software Development Team
75 people
Leadership Team
50 people
Finance and Accounting
26 people
Human Resources and Administration
17 people
Product Management Team
15 people
Data Analysis and Operations Team
13 people
Legal and Compliance
13 people
Senior Team
12 people
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Funding Insights of ProVation Medical
ProVation Medical has successfully raised a total of $14.5M through 1 strategic funding round. The most recent funding activity was a Series B round of $14.5 million completed in April 2002. 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.
Investors in ProVation Medical
ProVation Medical has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Wolters Kluwer, Fortive and NEA.
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Investor details for ProVation Medical
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Investments & Acquisitions by ProVation Medical
ProVation Medical has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include MD-Reports, ePreop and iProcedures.
Investment portfolio details for ProVation Medical
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- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
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Suite of software for hospital administrative purposes is provided.
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Preoperative care coordination software is provided by ePreop.
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Data backup services are provided by MD-Reports to clients worldwide.
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Complete acquisition details for ProVation Medical
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Financial Statements - ProVation Medical
Detailed financials for ProVation Medical
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Provation Medical Comparisons
Peer comparison for ProVation Medical
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Competitors of ProVation Medical
ProVation Medical 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 CureApp, Envision Healthcare, HNI Healthcare, Eon and AgileMD, among others.
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Therapeutic mobile applications for medical conditions are developed.
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Cloud-based healthcare analytics solutions are provided by EnvisionHealth.
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Physician practice management and customized hospitalist programs are delivered.
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Patient management software is provided for healthcare data and monitoring.
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Mobile clinical guidelines and protocols are accessed offline by professionals.
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Detailed competitors of ProVation Medical
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Latest news on Provation Medical
Complete news archive for ProVation Medical
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Frequently Asked Questions about ProVation Medical
ProVation Medical was founded in 1994 and raised its 1st funding round 8 years after it was founded.
ProVation Medical is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
ProVation Medical is a funded company, having raised a total of $14.5M across 1 funding round to date.
As of Dec 31, 2020, the latest employee count at ProVation Medical is 184.
ProVation Medical was founded in 1994 in Minneapolis, United States, and operates in the healthcare technology sector. Evidence-based electronic order sets are offered through ProVation Order Sets, integrated with UpToDate Decision Support. Interdisciplinary care plans for nurses and allied health professionals are provided via ProVation Care Plans, powered by Lippincott Solutions. Perioperative documentation is supported by ProVation MultiCaregiver, which enables electronic patient records across the care continuum.
ProVation Medical's top competitors include Envision Healthcare, AgileMD and Eon.
ProVation Medical offers Provation Apex, Provation iPro, and Provation Order Set Advisor.
ProVation Medical has made 3 acquisitions, including MD-Reports, ePreop, and iProcedures.
ProVation Medical has 6 investors. Key investors include Wolters Kluwer, Fortive, NEA, Affinity Capital Management, and Sherpa Partners.