CIBC Innovation Banking Provides Senior Credit Facilities to Medisolv

Medisolv: Revolutionizing Healthcare Quality Management with Innovative Solutions

In the fast-paced world of healthcare, technology plays a crucial role in improving patient care and provider performance. Medisolv, a leading healthcare quality management platform, is at the forefront of this revolution. With the support of CIBC Innovation Banking, Medisolv is poised to expand its footprint in the healthcare industry and drive the adoption of value-based healthcare delivery and payment models.

Medisolv enables healthcare providers to aggregate data from various clinical and financial sources, empowering them to make informed decisions and improve the quality of patient care. Thousands of hospitals and healthcare providers across the United States rely on Medisolv's innovative software solutions and services to enhance their performance and deliver exceptional care.

The partnership between Medisolv and CIBC Innovation Banking is a significant step towards achieving Medisolv's mission. CIBC Innovation Banking has provided Senior Credit Facilities to support BVP Forge's strategic investment and fund working capital in Medisolv. BVP Forge, a private equity firm for growth-oriented software-enabled businesses, brings industry insights and resources to accelerate Medisolv's growth in the healthcare provider and payer markets.

Joe Hammer, Co-Head Life Science and Healthcare at CIBC Innovation Banking, expressed his excitement about supporting Medisolv's mission. He emphasized the importance of advancing towards a value-based healthcare delivery and payment model. Hammer believes that the collaboration between Medisolv, BVP Forge, and CIBC Innovation Banking will create significant opportunities for expansion and innovation in the healthcare industry.

Zahid Butt, MD, FACG, Founder and Chief Executive Officer of Medisolv, highlighted the company's vision to create a data-driven, patient-centric performance improvement system. With almost 25 years of experience, Medisolv has demonstrated an unwavering dedication to its clients by developing cutting-edge solutions that drive high-quality patient care. Butt expressed gratitude for CIBC Innovation Banking's industry expertise and stressed the value of partnering with BVP Forge to advance Medisolv's efforts.

CIBC Innovation Banking is renowned for delivering strategic advice, cash management, and funding to innovation companies across North America, the UK, and select European countries. With offices in major cities around the world, CIBC Innovation Banking has a strong collaborative approach that extends across various business sectors, including commercial banking, private banking, wealth management, and capital markets.

Medisolv's all-in-one quality management platform, ENCOR, is a comprehensive solution for healthcare organizations. ENCOR helps healthcare providers measure and improve their performance on more than 500 national quality and safety measures. These measures include those required by reputable organizations such as the Centers for Medicare and Medicaid, The Joint Commission, private payers, and state agencies. Medisolv's commitment to excellence has been recognized with prestigious awards, including the Black Book award and the Best in KLAS award for healthcare client satisfaction. Additionally, Medisolv has received the HIMSS Policy Changemaker award for its pioneering work in digital quality measurement.

BVP Forge, with its unique combination of a private equity firm and a global venture capital platform, brings unparalleled resources to support self-sustaining, software-enabled businesses. By partnering with Bessemer Venture Partners' ForgeEdge™ operational program, BVP Forge empowers mission-driven teams to build winning cultures and businesses that thrive in the long term. The firm's impressive track record includes backing industry-defining businesses such as LinkedIn, MindBody, PagerDuty, Procore, ServiceTitan, Shopify, Toast, and Twilio.

In conclusion, Medisolv's partnership with CIBC Innovation Banking and BVP Forge marks an important milestone in the healthcare industry. With the support of these industry leaders, Medisolv is well-positioned to drive innovation, improve patient care, and transform the healthcare landscape. As technology continues to shape the future of healthcare, Medisolv remains at the forefront, delivering cutting-edge solutions and empowering healthcare providers to deliver exceptional care to their patients.