About SourceMedical
SourceMedical is a Healthcare company based in Wallingford (United Kingdom) founded in 2001, and was acquired by Surgical Information Systems in April 2017. It offers software, analytics, and RCM solutions for ambulatory surgery centers and rehabilitation clinics. SourceMedical has raised $23.5 million across 4 funding rounds from investors including Abry Partners, Surgical Information Systems and VSS. The company has 314 employees. SourceMedical has completed 2 acquisitions, including LaClaro and Medeview. The company was acqui-hired. SourceMedical offers products and services including SIS Complete, SIS Anesthesia, and SIS Analytics. Its focus areas include HealthTech, Healthcare IT, Provider and Hospital Information Systems. Its legal entity is SURGICAL INFORMATION SYSTEMS, LLC.
Company details
SourceMedical was founded in 2001 and is headquartered in Wallingford, United Kingdom. Outpatient information solutions and revenue cycle management services are provided to healthcare facilities, including ambulatory surgery centers and rehabilitation clinics. Data capture, exchange, and analysis are enabled through the companys technology to support patient care. Software modules cover billing, inventory management, scheduling, operations, and clinical functions, with operations focused on improving efficiency and revenue in the healthcare sector.
- Headquarters Wallingford, United Kingdom
- Employees 314
- Stage Acquired
- SectorsHealthcare
- Website sourcemed.net
- Social LinkedIn X
- Acquired by Surgical Information Systems (Apr 2017)
- Legal Name Surgical Information Systems, Llc
- Total Equity Funding$23.5M (USD)
in 4 rounds
- InvestorsAbry Partners
& 3 more
- Employee Count314
- Investments & AcquisitionsLaClaro
& 1 more
- Acquired bySurgical Information Systems
(Apr 2017)
Products & Services of SourceMedical
SourceMedical offers a comprehensive portfolio of products and services, including SIS Complete, SIS Anesthesia, and SIS Analytics.
Platform for simplifying ASC operations and management.
Solution for documenting and managing anesthetic events.
Tool for turning perioperative data into actionable insights.
Funding Insights of SourceMedical
SourceMedical has successfully raised a total of $23.5M across 4 strategic funding rounds. 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 $23.5M
- Total Rounds 4
- First Round $7.5M
(Feb 2004)
- Investors Count 3
All 4 funding rounds of SourceMedical 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 |
|---|---|---|---|---|---|
| Oct 2012 | Series E | – | – | ||
| Sep 2012 | Private Equity Round | – | – | ||
| May 2006 | $16M | Series E | – | – | |
| Feb 2004 | $7.5M | Series B | – | – | – |
4 investors in total: 4 institutional.
Investors in SourceMedical
SourceMedical has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Abry Partners, Surgical Information Systems and VSS.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on healthcare, business services, and education sectors | vss.com | New York, United States | ||
Abry Partners is engaged in middle market private equity investments. | 1989 | abry.com | Boston, United States | |
| abscapital.com | ||||
Suite of perioperative, anesthesia and patient tracking solutions for surgical system | 1996 | sisfirst.com | Alpharetta, United States |
Investor details for SourceMedical
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.
Investments & Acquisitions by SourceMedical
SourceMedical has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include LaClaro and Medeview.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of SaaS-based automated workflow and management platform for healthcare professionals | laclaro.com | Denver, United States | 2009 | May 2015 | •••• | |
Medical digital solutions are provided for healthcare applications. | medeview.com | United States | 2016 | Sep 2002 | •••• |
Complete acquisition details for SourceMedical
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of SourceMedical
6 dated milestones of SourceMedical across 16 years, from founding to its latest funding, stage changes and deals.
- Founded SourceMedical is founded.
- Acquisition Acquires Medeview.
- Funding First funding round of $7.5M.
- Funding Latest funding round, Series E,.
- Acquisition Acquires LaClaro.
- Exit Acquired by Surgical Information Systems.
Web traffic of SourceMedical
Websites that share an audience with SourceMedical (sourcemed.net).
Websites whose visitors overlap most with SourceMedical. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
txsource.net | txsource.net | 100% | – | ||
| mgma.com | 99% | #481,383 | View details | ||
himexperts.com | himexperts.com | 92% | – | ||
| keystonehealthcare.com | 87% | #8,686,057 | View details | ||
| trizetto.com | 85% | 9K | #2,239,071 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 27 similar websites and full traffic analytics for SourceMedical
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 27 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Sourcemedical
Complete news archive for SourceMedical
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about SourceMedical
SourceMedical was founded in 2001 and raised its 1st funding round 3 years after it was founded.
SourceMedical is headquartered in Wallingford, United Kingdom.
SourceMedical is a funded company, having raised a total of $23.5M across 4 funding rounds to date. The company's 1st funding round was a Series B of $7.5M, raised on Feb 2004.
SourceMedical has 314 employees.
SourceMedical was founded in 2001 and is headquartered in Wallingford, United Kingdom. Outpatient information solutions and revenue cycle management services are provided to healthcare facilities, including ambulatory surgery centers and rehabilitation clinics. Data capture, exchange, and analysis are enabled through the companys technology to support patient care. Software modules cover billing, inventory management, scheduling, operations, and clinical functions, with operations focused on improving efficiency and revenue in the healthcare sector.
SourceMedical offers SIS Complete, SIS Anesthesia, and SIS Analytics.
SourceMedical has 4 investors. Key investors include Abry Partners, Surgical Information Systems, VSS, and ABS Capital.
SourceMedical operates through Surgical Information Systems, Llc.
Yes. SourceMedical was acquired by Surgical Information Systems in April 2017.