Memora Health closes $40M in financing: 4 things to know

Memora Health has secured $40 million in financing to expand its clinical intelligence platform, the digital health company said Feb. 15. 

Four things to know:

1. Transformation Capital, a growth equity fund focused on healthcare information technology, led the financing. As part of the deal, Todd Cozzens, a managing partner at the fund, will join Memora's board. 

2. Other investors included Naperville, Ill.-based Edward Elmhurst Health, Andreessen Horowitz, Frist Cressey Ventures and AlleyCorp.

3. Memora's platform digitizes and automates clinical workflows to help health systems improve complex care management.

4. The financing round comes as Memora continues its rapid growth, partnering with systems including Rochester, Minn.-based Mayo Clinic and Philadelphia-based Penn Medicine.

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