Case Studies

Cloudbreak Health Attracts $10M Growth Investment

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February 20, 2020 |

Cloudbreak Health Attracts $10M Growth Investment

Company to expand its telehealth footprint

LOS ANGELES & COLUMBUS, Ohio – February 20, 2020 – Cloudbreak Health, LLC, (“Cloudbreak”), a leading unified telemedicine and video medical interpretation solutions provider, today announced it has secured a $10 million investment from Columbia Partners Private Capital (“Columbia”) to fuel growth and product innovation.

“Partnering with Columbia allows us to invest in the further expansion of our telemedicine solutions while expanding our IT, sales and customer service teams,” said Cloudbreak CEO Jamey Edwards. “In line with our mission to resolve healthcare disparities, we will add resources to our interpreter network and expand our technical team to support innovation in the next phase of scalability, product development and interoperability.”

“Cloudbreak brings unique insight into the nuances of delivering care to improve patients’ lives,” said Saul Waller, vice president at Columbia. “Cloudbreak’s track record of enabling care delivery in a way that is more caring and more cost-effective was a critical factor in our decision to invest.” Mr. Waller will join Cloudbreak’s board as an observer.

The Journal of mHealth recently honored Cloudbreak Health in its Global Digital Health 100 list. The list recognizes industry leaders from around the world for their innovation and emerging technologies in healthcare. Edwards is a recognized speaker who recently spoke at the 2020 StartUp Health Festival in San Francisco and will speak next month at the HIMSS conference in Orlando, Fla.

About Cloudbreak Health
From telepsychiatry, telestroke, tele-ICU, telesitting and other specialties to integrated language services for Limited English Proficient and Deaf/Hard-of-Hearing patients, Cloudbreak’s innovative, secure platform removes both distance and language barriers to improve patient care, satisfaction and outcomes. Cloudbreak Health provides more than one million minutes of telemedicine consultation each month. Performing over 85,000 encounters per month on over 10,000 video endpoints at over 1,200 healthcare venues nationwide, the Cloudbreak platform simplifies how providers care for patients, putting a full care continuum at their fingertips 24/7. Learn more at www.cloudbreak.us.

About Columbia Partners Private Capital
Columbia Partners Private Capital is a Bethesda, Md.-based institutional investment firm. CPPC invests $10-$30 million in debt and preferred equity in privately held growth companies using flexible, creative, and thoughtful structures. The firm’s investment strategy is centered around providing capital that is less dilutive than raising equity, but also less cash intensive than raising traditional debt. For more please visit: www.cpprivatecap.com.

Contacts

Paulo Acuña
pacuna@olmsteadwilliams.com
310.824.9000