Pieces Technologies, a health information technology company based in Dallas, raised $21.6 million in Series A funding. Pacific Advantage Capital and Jump Capital led the round with participation from healthcare system Children’s Health, Order of Saint Francis Healthcare System, the Parkland Center for Clinical Innovation (PCCI) and others.
The Pieces software platform, interprets patient data in real-time, was incubated at PCCI, a non-profit research and development corporation.
DALLAS–(BUSINESS WIRE)–Pieces Technologies (Pieces Tech), an innovative start-up that deploys cutting edge technology to improve clinical and community health outcomes, officially launched with a $21.6 million Series A funding round. The Pieces™ software platform was incubated at the Parkland Center for Clinical Innovation (PCCI), a noted scientific research and development nonprofit corporation in Dallas.
Pacific Advantage Capital (PAC Partners) and Jump Capital led the investment along with participation from Children’s Health (Dallas), Order of Saint Francis Healthcare System (Peoria, IL), PCCI and select Dallas investors, among others.
“We are so pleased to see the team at Pieces Tech reach this amazing milestone in its development and are excited for the future as the company works to address the needs of the healthcare system in the US,” said David Zezza, Managing Partner of PAC Partners.
The Pieces™ software platform was conceived by Ruben Amarasingham, M.D., founder and CEO of Pieces Tech.
“We are incredibly honored and excited by the backing of our talented and experienced investment group, which consists of investors with outstanding experience in the high-tech, analytics, healthcare and delivery space,” said Dr. Amarasingham.
Pieces Tech provides integrated monitoring, prediction, workflow optimization, and organizational learning services and software for hospitals, health systems, and community based organizations. These systems are used to identify and prevent adverse events, such as avoidable mortality and re-hospitalization for chronic diseases and illnesses. In addition, Pieces Tech offers unique cloud-based software for community-based organizations to manage all of their client needs. The software is also designed to connect to hospitals’ information systems to provide a holistic view of patients and their healthcare needs.
“Over the past eight years, Parkland has received enormous benefits from Pieces™ and we are extremely proud of the launch of Pieces Tech,” said Fred Cerise, MD, MPH, Parkland Health & Hospital System’s president and CEO. “Pieces Tech’s solutions are helping us redesign and transform our healthcare delivery models for better population health management. In my opinion, they are truly innovating and moving the needle forward in the direction that healthcare needs to be.”
Garrett Vygantas, M.D., Partner at Jump Capital, said, “While many purport to have solutions for population health, over the last several years the team has stealthily built and validated a robust healthcare IT and clinical services platform that has clinically proven to truly bend the cost curve on quality and care across diverse constituencies. With this capital investment, Pieces will work to enable rapid expansion in the marketplace for many to realize these impressive benefits.”
Children’s Health, the leading pediatric healthcare system in North Texas, is working with innovative companies like Pieces Tech to advance and co-develop technology that drives its mission of making life better for children.
“Children’s Health is pleased to work with Pieces Tech, a company using cutting-edge technology to find innovative solutions for healthier communities. As a system, we are committed to working in and with our communities not only to provide care, but also to promote healthier living. Pieces Tech, through its platforms to improve health outcomes by processing and integrating patient data, enables us to initiate earlier interventions in children with chronic diseases such as pediatric asthma and diabetes,” said Christopher J. Durovich, president and chief executive officer of Children’s Health.
About Pieces Technologies: Pieces Technologies, Inc. is a health information technology company on a mission to advance health at every decision. The Pieces™ technology interprets patient data in real-time, using predictive models and deep clinical research to create warning tools that can save lives and grow healthier communities, both inside and outside of hospital walls. For more information visit www.piecestech.com or follow @piecestech.
About Pacific Advantage Capital: PAC Partners is a private investment firm focused on private equity, venture capital and special situational investments. The firm invests in both developed and emerging markets where its expertise and relationships can be brought to bear to help high growth organizations achieve ambitious goals.
About Jump Capital: Jump Capital is a venture capital firm specializing in Series A & B expansion stage investments in technology and software, with offices in Chicago, New York and San Francisco. Through its team of seasoned operators, Jump Capital provides advocacy and support complemented with institutional-level resources for entrepreneurs