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Synopsis
KKR, a private equity firm, led a $105m Series D round in Qventus, a provider of an AI-based care automation software for health systems, with participation from Bessemer Venture Partners, Northwestern Medicine, HonorHealth, and Allina Health. Across the country, healthcare teams have to do extraordinary things to get ordinary things done every single day. Qventus has dedicated the last decade to building AI automation solutions that alleviate the administrative burden of healthcare staff so they can deliver highly reliable patient care. This funding is a testament to how these solutions generate best-in-industry return on investment, helping health systems achieve the margins needed to fulfill their mission of delivering exceptional care to their communities. This capital primes us to continue maximizing our growth, delivering on our promises to our partners, and launching new, game-changing technology,” Mudit Garg, Qventus CEO and Co-Founder.
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