What You Should Know:
–Kareo, a provider of cloud-based clinical and financial software, andPatientPop, a provider of practice growth technology, today announced the closing of theirmergerand the unveiling of the combined company’s new name,Tebra.
– The name Tebra is derived from the word “vertebrae” and symbolizes the role the new company serves as the backbone of practice success, delivering digital technology to connect providers and their patients. The combined company currently has approximately 1,000 employees supporting more than 100,000 healthcare providers who are delivering care to more than 85 million patients in the U.S.
Tebra will leverage the expertise of the PatientPop and Kareo founders, executive teams, and boards of directors. Kareo CEO and founder Dan Rodrigues will serve as the CEO of Tebra. PatientPop co-CEOs and co-founders Luke Kervin and Travis Schneider will serve as Tebra’s Chief Innovation Officer and Chief Corporate Development Officer, respectively. Tebra has formed a new executive team and board of directors comprised of executives and board members drawn from both PatientPop and Kareo. Tebra has received $65M in additional growth financing from Golub Capital to support the merger.
PatientPop and Kareo will continue to operate under their respective brands for now. With Tebra, joint customers will be able to use PatientPop and Kareo together powered by a deep, seamless product integration. Both companies also remain committed to supporting and expanding integrations with EHR and practice management partners and other third-party healthcare technology products.