# ProVation Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/provation-software

- Industry: Healthcare IT
- Headquarters: Minneapolis, US
- Website: www.provationmedical.com
- Total disclosed funding: $15M
- Latest round: Series B (May 19, 2002)
- Investors on record: 5

## About

Founded in 1994 and based in Minnesota, US, ProVation Software, Inc. provides an end-to-end clinical productivity software platform that allows hospitals, clinics, and healthcare providers and workers to manage pre-to-post clinical workflows, documentation, care coordination, and patient's feedback. The organization serves approximately 5,000 hospitals and 1,000 ambulatory surgery centers (ASCs). Arvind Subramanian is the CEO of the company. In March 2018, Clearlake Capital Group acquired ProVation Medical, Inc. from Wolters Kluwer N.V. for USD 180 million in cash. Provation employs nearly 200 employees as of 2021. 

The company provides clinical productivity software for healthcare professionals that include Provation® Apex, Provation® MD, Provation® Order Set AdvisorTM, Provation Care plans, Provation® MultiCaregiver, Provation® SurgicalValet™, Provation® iPro, Provation® EndoPRO®, and Provation Content Shop. The firm's software helps providers increase operational efficiencies, business profitability, and regulatory compliance by improving quality, streamlining workflows, and enabling the generation of insights. 

The firm generates its revenue through its subscription plans that include inpatient and outpatient order sets at USD 100, emergency order sets at USD 75, and care plans at USD 75.

## Funding rounds

- Series B, May 19, 2002, $2M — Clique Capital
- Series B, Jun 1, 2001, $13M — New Enterprise Associates, Affinity Capital Management, Sherpa Partners, Tenet Healthcare Corporation

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series B
- Affinity Capital Management (https://capitalatlas.ai/funds/affinity-capital-management) — Series B
- Sherpa Partners (https://capitalatlas.ai/funds/sherpa-partners) — Series B
- Tenet Healthcare Corporation — Series B
- Clique Capital (https://capitalatlas.ai/funds/clique-capital) — Series B