CIBC Innovation Banking Announces $30 Million Financing Solution for Azalea Health
CIBC Innovation Banking is pleased to announce a $30 million credit facility for Atlanta-based Azalea Health (“Azalea”). Azalea will use the capital to aid in its recent acquisition of dashboardMD, a cloud-based provider of business intelligence reporting solutions and healthcare analytics.
The Azalea platform provides electronic health records integrated with telehealth functionality, revenue cycle management, and mobile health applications. As a modern, fully cloud-based SaaS solution, Azalea delivers tangible value to customers through lower total costs, shorter implementations, better configurability and interoperability, and an improved user experience over traditional on-premise solutions. Azalea serves a variety of ambulatory, inpatient, and specialty care settings, with a history of innovation for rural, community, and urban settings in the US.
“Incorporating dashboardMD’s analytics capabilities in our clinician-friendly EHR will empower providers to better manage clinical quality measures and have enhanced visibility into their revenue,” said Azalea Health CEO, Baha Zeidan.