Tebra, a leading provider of practice management software solutions, secured an oversubscribed $250 million funding round that includes new equity and debt financing.
Hildred led the equity capital with participation from Toba Capital, Transformation Capital, and HLM Venture Partners.
J.P. Morgan provided the debt facility.
Including the latest funding round, Tebra has raised a total of approximately $322 million in funding to date. In July 2022, Tebra secured more than $72 million from Golub Capital, at an over $1 billion enterprise valuation.
The company plans to deploy the newly raised funds to further advance its AI-powered practice management solution, which includes EHRs, billing and payments, practice marketing, and patient engagement tools.