More than 1,000 physician practices across the country currently use the company’s EMR software, which provides tailored offerings for the dermatology, optometry and ophthalmology, orthopaedic and cosmetic surgery markets.
Summit managing director Mark de Laar, who is set to join the company board following the investment, said, “The time is ripe for technology that transforms the way physicians practice.
“We believe that Modernizing Medicine’s powerful technology, coupled with its exceptional team, is the right combination to disrupt the EMR market.
“We are pleased to partner with Dan, Michael and the exceptionally strong management team to support the company’s continued growth.”
Existing backers Intel Capital and Norwest Venture Partners also took part in the Series B round, which took CareCloud’s total financing to $44m.
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