About ProVation Medical
ProVation Medical is a Healthcare company based in Minneapolis (United States) founded in 1994, and was acquired by Fortive in December 2021. It provides electronic order set, care plan, and procedural documentation solutions. ProVation Medical has raised $14.5 million across 1 funding round from investors including Wolters Kluwer, Fortive and NEA. The company has 184 employees. 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. Its focus areas include HealthTech, Healthcare IT, Provider and Clinical Operations. Its legal entity is PROVATION SOFTWARE GROUP, INC. Its competitors include Envision Healthcare, HNI Healthcare and Eon; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Minneapolis, United States
- Employees 184
- Stage Acquired
- SectorsHealthcare
- Website provationmedical.com
- Social LinkedIn X Facebook
- Acquired by Fortive (Dec 2021)
- Legal Name Provation Software Group, Inc.
- Total Equity Funding$14.5M (USD)
in 1 rounds
- Latest Funding Round$14.5M (USD), Series B
Apr 2002
- InvestorsWolters Kluwer
& 5 more
- Employee Count184
- Investments & AcquisitionsMD-Reports
& 2 more
- Acquired by
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.
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.
- Total Funding $14.5M
- Total Rounds 1
- Last Round Series B — $14.5M
- First Round $14.5M
(Apr 2002)
- Investors Count 3
All 1 funding rounds of ProVation Medical 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 |
|---|---|---|---|---|---|
| Apr 2002 | $14.5M | Series B | – | – |
6 investors in total: 6 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are offered to startups by NEA. | nea.com | Menlo Park, United States | ||
| affinitycapital.net | ||||
| sherpapartners.com | ||||
Lower and mid-market investments are managed through private equity strategies. | clearlake.com | Santa Monica, United States | ||
Enterprise legal processes are managed via an AI-powered platform. | 1836 | wolterskluwer.com | United States | |
Industrial conglomerate with subsidiaries in sensing and automation is operated. | 2016 | fortive.com | Portland, United States |
Investor details for ProVation Medical
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Verified entity values are shown only after access is granted.
People of ProVation Medical
256 people are tracked at ProVation Medical (119 in leadership, 8 in board & advisors, 129 in team); the tracked headcount is 184.
| Name | Role | Group |
|---|---|---|
Matthew Ellis | Sr. Director, Finance - Operations — Gordian | Leadership |
Dan Sullivan | Head Of Employee Privacy | Leadership |
Avra Banerjee | Head Of AI Transformation, Facility And Asset Lifecycle Group | Leadership |
Simon Grace | Vice President, Global Total Rewards | Leadership |
Kirby Toalson | Employee Relations Partner | Leadership |
Suzanne Caffell | Senior Director, Global Tax Accounting And Technology | Leadership |
David Anderson | Senior Director - Security Operations | Leadership |
Arul Elumalai | Group President | Leadership |
Cloris Gu | Compensation Partner, APAC | Leadership |
Chris Mulhall | Chief Accounting Officer | Leadership |
Mark Okerstrom | SVP, Chief Financial Officer | Leadership |
Zack Permutt | President, Fluke Health Solutions (a Fortive Operating Company) | Leadership |
Eshwari Mulpuru | Senior Director, AI For Commercial Growth | Leadership |
Teo Osben | CFO - Intelligent Operating Solutions Segment At Fortive | Leadership |
Elena Rosman | Vice President And Segment CFO - Intelligent Operating Solutions | Leadership |
Veronika Nippe-Johnson | Sr. Director, Assistant General Counsel - Third Party Compliance | Leadership |
Alissa Calderón | Talent Planning Partner | Leadership |
Jan Erik Barkenaes | Group CFO | Leadership |
Predita C. Rostomian | Vice President & General Counsel, Fluke Health Solutions, A Fortive Operating Company | Leadership |
Gregor Mathers | EMEA Finance Director Qualitrol | Leadership |
236 more people are available in the full profile.
Complete people profiles 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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Suite of software for hospital administrative purposes is provided. | iprocedures.com | Tampa, United States | 2009 | May 2021 | •••• | |
Preoperative care coordination software is provided by ePreop. | epreop.com | Seal Beach, United States | 2008 | Sep 2020 | •••• | |
Data backup services are provided by MD-Reports to clients worldwide. | md-reports.com | Staten Island, United States | 1997 | Jan 2020 | •••• |
Complete acquisition details for ProVation Medical
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Timeline of ProVation Medical
8 dated milestones of ProVation Medical across 27 years, from founding to its latest funding, stage changes and deals.
- Founded ProVation Medical is founded.
- Funding First funding round of $14.5M.
- Exit Acquired by Wolters Kluwer.
- Exit Acquired by Clearlake Capital Group.
- Acquisition Acquires MD-Reports.
- Acquisition Acquires ePreop.
- Acquisition Acquires iProcedures.
- Exit Acquired by Fortive.
Competitors of ProVation Medical
ProVation Medical has 3 listed competitors in our database, 2 of them funded. They include Envision Healthcare, HNI Healthcare and Eon.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| envisionhealth.com | 1979 | Nashville, United States | Cloud-based healthcare analytics solutions are provided by EnvisionHealth. | |||
| hnihealthcare.com | 2009 | Austin, United States | $116.93M | Physician practice management and customized hospitalist programs are delivered. | ||
| eonhealth.com | 2014 | Denver, United States | $19.99M | 3 | Patient management software is provided for healthcare data and monitoring. |
Detailed competitors of ProVation Medical
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Web traffic of ProVation Medical
The website of ProVation Medical (provationmedical.com) receives about 5.7K visits a month.
- Monthly visits5.7K
▲ 15.9% vs previous month
Websites whose visitors overlap most with ProVation Medical. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| uptodate.com | 100% | 7.2M | #7,319 | View details | |
| adsc.com | 91% | 12.5K | #1,992,658 | View details | |
| cerner.com | 90% | 925.2K | #50,149 | View details | |
blog.healthlanguage.com | blog.healthlanguage.com | 86% | – | ||
| jotec.com | 86% | 3.5K | #4,186,229 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 27 similar websites and full traffic analytics for ProVation Medical
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- 27 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as ProVation Medical (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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Related news about 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. The company's 1st funding round was a Series B of $14.5M, raised on Apr 2002.
ProVation Medical has 184 employees.
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, Eon and HNI Healthcare.
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.
ProVation Medical operates through Provation Software Group, Inc..
Yes. ProVation Medical was acquired by Fortive in December 2021.