Philadelphia getting another Healthcare IT headquarters; Safeguard Scientifics-backed venture
Tom Paine
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Philadelphia is getting another healthcare IT firm headquarters, and that firm is getting a new CEO, it announced this morning.
The company is Safeguard Scientifics-backed Dabo Health, currently based in San Francisco. The design and engineering team will remain in San Francisco.
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| Robert V. Stanek |
Dabo Health's previous CEO, Camilo Barcenas, will now serve as Founder and Chief Development Officer.
Safeguard has not publicly announced its investments in Dabo Health, but a company spokesperson told me by email that it had deployed a total of $1.5M in the company since November 2013, which has been reflected in its quarterly statements. That apparently represents the bulk of its financing to date, which CrunchBase shows as $2 million. (Correction: Dabo Health says it has raised approximately $8M to date.)
Currently completing a pilot project at Mayo Clinic, Dabo Health "is an innovative platform that uses a social media format to provide easy access to information and metrics that helps nurses, physicians, and front line staff have the information needed to improve quality of care," the company said in its release. “Dabo Health has developed a highly innovative and differentiated online and mobile visualization platform for providers and payers to make key performance metrics accessible and actionable, while identifying best practices to improve care quality and reduce costs,” said Mr. Stanek.
Stanek indicated that "Dabo Health will be in the position to pursue additional funding in 2015."
Dabo Health currently has approximately 20 employees. Specifically for the Philadelphia office, Dabo Health plans to ramp up to approximately 10 employees in the short-tern and grow from there. It is currently investigating multiple sites in the Greater Philadelphia area.
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