Walter Capital Partners invests in MEDFAR Clinical Solutions to accelerate growth
Walter Capital Partners (“Walter Capital”) today announces a new partnership with MEDFAR Clinical Solutions (“MEDFAR”), the largest specialized provider of electronic medical records (“EMRs”). The group of investors led by Walter Capital is making a minority investment of close to $25 million in MEDFAR to support its growth. This is Walter Capital Partners’ twelfth investment in Canadian companies with high growth potential.
“MEDFAR has already become the fastest growing EMR provider in Canada, and this partnership enables the company to begin the next phase of its rapid expansion,” said Éric Phaneuf, president and CEO of Walter Capital Partners. “Our team is looking forward to working closely with MEDFAR’s first-rate management team to secure its position as an industry leader in both the Canadian and U.S. markets.”
MEDFAR’s powerful cloud-based software-as-a-service (SaaS) Care Management Solution is unmatched in Canada, positioning the company for expansion in an industry where legacy EMRs are still holding significant market share across North America. By leveraging organic growth strategies and a culture of innovation, MEDFAR is equipping heath-care professionals to better manage patient health and, in turn, improving the entire stakeholder experience.
“From our very first conversations, we’ve appreciated the approach taken by the partners at Walter Capital and we know they will play a significant role in helping us achieve our business objectives,” said Elias Farah, co-founder and CEO of MEDFAR. “Beyond financing, Walter Capital also brings important operational and strategic expertise to the table. Their approach and credibility as an investment firm give us the alignment needed for our expansion into new markets.”
Founded in 2010 by two aeronautical engineers, MEDFAR Clinical Solutions was the first to certify a fully web-based EMR solution in Canada. With the support of experts from its medical and clinical advisory board, the MEDFAR team evolved its solution, MYLE (for Make Your Life Easy), from a simple EMR to a powerful end-to-end Care Management Solution that streamlines each and every clinical process, freeing caregivers from the burden of administrative tasks and helping them achieve more. MEDFAR grew to become the preeminent pure-play EMR solution provider in Canada with a growing presence in international markets. MEDFAR is relentlessly committed to its mission of driving excellence and efficiency in healthcare across the world.