Health technology leader Eon announces $16 million growth equity investment led by Integrity Growth Partners
Integrity Growth Partners, as well as UCHealth’s CARE Innovation Center, CU Healthcare Innovation Fund and 25m Health, invest in Eon to accelerate rapid growth and expansion.
DENVER, April 6, 2022 /PRNewswire/ — Eona leading provider of chance find and patient management software for screening, today announced that it has received a significant minority investment led by Integrity Growth Partners (“PGI”). This investment marks the first time that Eon has raised an institutional round of external capital; Eon will remain independent and managed by its founder.
The partnership with the IGP, which includes the participation of UCHealth CARE Innovation Center (“UCHealth”), UC Healthcare Innovation Fundand 25m Healthwill enable accelerated growth in key business areas.
Eon provides a cloud-based patient management platform with solutions for many disease states, enabling hospitals and healthcare systems to longitudinally capture and track patients at risk of future catastrophic diagnoses, creating change step in the early detection of cancer and the possible prevention of ruptured aneurysms. . Eon’s platform leverages computational linguistics, an advanced form of linguistics under the umbrella of artificial intelligence, and robust data science models to accurately capture incidental findings in radiology reports. . Eon’s solution also provides care navigators with intuitive patient education workflows, ensuring at-risk patients don’t “fall through the cracks” and adhere to recommended follow-up exams and procedures. Today, Eon is used by more than 45 healthcare systems and 400 hospital facilities across the United States. Notable partner health systems include LifePoint Health, HCA Healthcare, Ascension, Cleveland Clinic, and SCL Health. UCHealth, along with its investment, will also begin using Eon in all of its hospitals and imaging centers through phased implementation.
dr. Aki Al Zubaidi, founder and co-CEO of Eon, is an interventional pulmonologist who founded Eon in 2015 to solve a clinical problem he encountered firsthand – lung cancer was most often diagnosed at a late stage where the likelihood survival of those diagnosed was low. He knew that by following up on patients with lung nodules detected early on regular X-ray exams, he could diagnose lung cancer at earlier stages. Eon’s management team launched this funding round to propel the next phase of growth, and Dr. Aki says, “We believe IGP’s investment and knowledge will help us continue to execute on our mission to ‘to improve patient health and provide affordable health care.’ Dr. Aki continues, “Our comprehensive platform enables us to deliver tremendous value to our healthcare system partners as they work to optimize patient outcomes and reduce patient leakage. alongside the IGP team, as well as our other partners, and we look forward to further establishing ourselves as a leader in incidental patient management.”
Historically, Eon has focused on growth and revenue as a source of funding, rather than traditional fundraising partnerships, which aligns with IGP’s investment strategy of investing in owned and operated companies. by founders. “We are extremely proud of the industry-leading software platform we have built and the work we have done to make incident management a higher priority in the healthcare industry. When choosing a partner, it was important for us to find one that not only understands our mission, but can provide meaningful support and strategic insight as we continue to evolve; we have found that in IGP,” said Christine Sprakerco-CEO of Eon.
“We couldn’t be more excited to lead the first institutional investment in Eon and partner with Aki, Christine and the rest of the incredible Eon team,” said ryan anderson, Partner at IGP. “With its industry-leading solution, Eon not only helps hospitals meet the growing need to more effectively capture and manage the care of at-risk patients – many of whom have historically ‘fallen through the cracks’ – but, more importantly , helps providers deliver the best patient care possible, ultimately leading to better patient outcomes.”
UCHealth, an innovative nonprofit healthcare system based in Colorado which focuses on improving health through innovation, was evaluating Eon as a partner for its lung cancer early detection program, when it learned of the investment opportunity. This investment, alongside sister fund CU Healthcare Innovation Fund, represents the 13and company in which the system has invested.
“We are excited about the possibilities this innovative technology can provide for our patients,” said Dan Rieber, chief financial officer of UCHealth. “We hope our investment in Eon technology will help improve patient outcomes by enabling hospitals to track patients at high risk of developing serious medical conditions, such as cancer, heart disease or even an aneurysm.”
Eon is a data science company that reduces variation in care and ensures compliance through patient capture, engagement, management and tracking. We’re on a mission to ensure the right data gets to the right people at the right time to improve patient health and make healthcare affordable. We believe that together we can challenge the disease.
About Integrity Growth Partners
Situated at Los Angeles, Integrity Growth Partners is a growth private equity firm focused on investing in lower middle market software and technology services companies led by exceptional management teams. IGP targets investments in high-growth companies with established products and business models, bringing a differentiated combination of investment and operational experience. For more information, visit www.integritygp.com.
UCHealth is an innovative, nonprofit healthcare system that provides the highest quality medical care with an excellent patient experience. UC Health includes 25,000 employees, 12 full-service acute care hospitals and hundreds of physicians across ColoradoSouth Wyoming and western Nebraska. With University of Colorado Hospital on the CU Anschutz Medical Campus As an academic anchor and the region’s only adult academic medical center, UCHealth is dedicated to providing unparalleled patient care in the western Rockies. Offering more than 150 clinics, UCHealth pushes the boundaries of medicine by providing advanced clinical trials and treatments and improving health through innovation.
Integrity Growth Partners
Show original content to download multimedia:https://www.prnewswire.com/news-releases/healthtech-leader-eon-announces-16mm-growth-equity-investment-led-by-integrity-growth-partners-301518427.html