COLUMBUS, OH, Olive, the automation company creating the Internet of Healthcare, has closed a $400 million funding round, bringing the company to a $4 billion valuation.
The round was led by Vista Equity Partners ("Vista"), a leading global investment firm focused on enterprise software, data, and technology-enabled businesses, with additional investment from the Base10 Partners Advancement Initiative. As a Base10 Advancement Initiative portfolio company, Olive will contribute to scholarship and financial aid awards for America's Historically Black Colleges and Universities, which will become known as The Olive Scholarship.
Olive is the automation company creating the Internet of Healthcare. The company is addressing healthcare's most burdensome issues through automation -- delivering hospitals, health systems and payers increased revenue, reduced costs, and increased capacity. People feel lost in the system today and healthcare employees are essentially working in the dark due to outdated technology that creates a lack of shared knowledge and siloed data. Olive is driving connections to shine new light on healthcare processes, improving operations today so everyone can benefit from a healthier industry tomorrow.
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