Meditech
Company

Last deal

$25.97M
Local Amount - EUR 26M

Amount

Corporate Round

Stage

15.09.2022

Date

2

all rounds

$25.97M

Total amount

date founded

Financing round

General

About Company
MEDITECH provides integrated software solutions to meet the information needs of healthcare organizations worldwide.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.1969

Number of employees

Company Type

For Profit

Last funding type

Corporate Round

IPO status

Private

Description

MEDITECH offers patient-centered technology and a fully web-based mobile EHR that enables healthcare providers to deliver higher quality care with greater efficiency and at a lower cost. Their unique mission is to disrupt and innovate the healthcare technology industry by redefining what an EHR can do. They specialize in providing inter-operable EHR solutions to various healthcare sectors including ambulatory care, acute care, long-term care, rehabilitation services, behavioral health, and home health care. MEDITECH's flagship product, Expanse, offers a comprehensive suite of features that elevate care for both providers and patients.
Contacts

Contact Email

Phone number

Social url

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Financials

Funding Rounds
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2

Number of Funding Rounds

$25.97M

Money Raised

Their latest funding was raised on 15.09.2022. Their latest investor Mater Private hospital. Their latest round Corporate Round

Date 
Funding Round 
Investors 
Money Raised 
Lead 
15.09.2022
1
$25.97M
Local Amount - EUR 26M
01.01.2003
1
Mater Private hospital

Mater Private hospital

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Dublin, Ireland

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Co-Investors
Investors
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1

Number of lead investors

2

Number of investors

Investor 
Lead 
Round 
Partners 
Yes
Corporate Round
No
Private Equity
Mater Private hospital

Mater Private hospital

Mater Private Hospital is a private Catholic hospital that offers advanced treatment options in Ireland.

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Health Care Providers

Subsector

Health Care Facilities

Keywords

Health Care, Hospital, Medical

Location

Dublin, Ireland

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2

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$339.58M

count Of Investments

1
Summit Partners

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Subsector

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Acquisitions
1
Acquiree Name 
Date 
Price 
Acquisition Name 
Well At Home acquired by Meditech

Well At Home acquired by Meditech

acquirer

Meditech
Meditech

date

01.05.2007

type

Acquisition
Well At Home

Well At Home

The company develops software for the home care industry.

Sector

Software and Computer Services

Subsector

Software

Keywords

Software, Health Care

Location

Atlanta, GA, USA

People

Founders
1
A. Neil Pappalardo
A. Neil Pappalardo

A. Neil Pappalardo

In 1964, while pursuing his interest in clinical computing at Massachusetts General Hospital, Neil Pappalardo became inspired to develop an automated laboratory system to improve upon healthcare’s error-prone, paper-based processes. The recent Massachusetts Institute of Technology (MIT) graduate then created MUMPS (MGH Utility Multi-Programming System), which soon became the industry-standard medical software language. Imagining that computer systems could orchestrate care processes throughout the hospital, Mr. Pappalardo founded MEDITECH in 1968; the company formally opened for business in 1969. Chairman since 1994, he has led his company to become the leading vendor of electronic health records. Recognized worldwide for his impact on the development of medical information systems, Mr. Pappalardo remains the driving force behind MEDITECH’s technology and business strategies. He is known for his collaborative, hands-on approach--preferring to work alongside programmers in an open cubicle, instead of occupying an office. Before becoming chairman, Mr. Pappalardo served as president and CEO, using his knowledge of clinical computer science to build innovative and cost-effective solutions that simplify daily operations for healthcare providers. Just as important, Mr. Pappalardo continues to cultivate MEDITECH’s reputation for honesty and integrity. A firm believer in giving back to one’s alma mater, Mr. Pappalardo contributes whatever he can to help MIT maintain its world-class status, and is a Life Member of the Corporation. He has served on a variety of committees and funded multiple endeavors to improve the university, from a full professorship and post-doc fellowships to the construction of a world-class optical telescope observatory in Chile. Mr. Pappalardo received an honorary degree from Suffolk University in Boston, as well as one of the first honorary degrees from the Korean Advanced Institute of Science and Technology, which dedicated the Pappalardo Medical Center in his honor. In 2008, he received the Order of Science and Technology Medal from the Prime Minister of the Republic of Korea, and in 2011, he was recognized with the Commonwealth Award from the Massachusetts Technology Leadership Council. Neil and his wife, Jane, live in Boston, where they support many local cultural, educational, and social service organizations. They have four children and 12 grandchildren.

organization founded

1

A. Neil Pappalardo

Employee Profiles
4
Michelle O’Connor

Michelle O’Connor

CEO

Howard Messing

Howard Messing

President & CEO

Activity

Recent News
21
News Timeline

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