PerfectServe Secures $10.9 Million in New Financing

Knoxville, TN – PerfectServe, the leading provider of clinical communication services, today announced that it closed $10.9 million in an over-subscribed Series C financing round.

The round was led by PJC Capital LLC, the private equity arm of Minneapolis-based investment banking firm, Piper Jaffray. Additional participants include National Healthcare Services, the strategic investment arm of the MemorialCare Health System and CHV Capital, the strategic investment arm of the Indiana University Health System. Existing investors River Cities Capital Funds, Village Ventures and Spring Mill Venture Partners also participated.

“As we move toward accountable health care in this country, communication between clinicians is essential in coordinating care across the continuum,” said Bob Rinek, of PJC Capital LLC. “There is no other platform in the industry that can meet the need of health systems to standardize their communication processes and provide highly customizable information delivery workflows for physicians.”

The investment will be used to support the company’s growth and innovation. The alignment of these strategic investors provides PerfectServe with the resources and partnerships to leverage its clinical communication platform to improve care coordination, patient experience and outcomes.

“This is another milestone in validating PerfectServe’s position as the market leader for clinical communication services,” said Terry Edwards, president and CEO of PerfectServe. “This financing round gives us the opportunity to expand our national network of services and connect more physicians to the health systems where they practice. This will allow us to invest in innovations to securely connect clinicians and improve care coordination across the continuum.”

About PerfectServe

Advancing care coordination across the continuum, PerfectServe’s clinical communication platform makes it easy to connect clinicians – and push relevant clinical information – to the right physician at the right time, in the precise way each physician wishes to be reached. Based in Knoxville, Tenn., PerfectServe processes more than 30 million transactions annually, connecting more than 20,000 physicians in health systems and medical practices across 154 markets in the United States. For more information go to www.perfectserve.com, visit Twitter, or call 877-844-7728.