PatientPoint, a patient education and engagement solutions company, recently generated $140 million in investment from Searchlight Capital Partners and Silver Point Capital that will go towards expansion.
"We have invested a significant amount of financial and human capital into product development over the past six months to ensure that our programs are truly best in class," PatientPoint founder and CEO Mike Collette said in a press release. "This capital will allow us to expand our digital footprint so that we may continue to deliver market-leading reach in vital specialties for our sponsors and health care providers.”
PatientPoint provides point-of-care networks that engage patients with relevant, internally developed content via channels like digital waiting room screens and touchscreens in exam rooms. To date, more than 1,000 hospitals and 31,000 physician offices already use the company’s programs, and the company plans to use its new funding to expand.
"While much of our growth will be through amplification of existing programs, we will also be solidifying several acquisitions and partnerships that will further strengthen our product offerings," PatientPoint Chief Growth Officer Traver Hutchins said in the release. "We have also significantly increased our data-driven marketing expertise, allowing us to provide more personalized, relevant communication to patients for a truly enriched healthcare experience."