Tebra, an all-in-one EHR+ platform trusted by over 140,000 private healthcare providers, closed $250 million in new equity and debt financing to accelerate its R&D in AI and automation.
The financing consists primarily of equity capital led by Hildred, as well as a debt facility provided by J.P. Morgan. The round was over-subscribed and included significant participation from existing investors Toba Capital, Transformation Capital, and HLM Venture Partners. This broad syndicate of support underscores confidence in Tebra’s vision to level the playing field for independent providers squeezed by rising overhead, declining reimbursements, and expanding competitive pressure.
Tebra will use the new funding to rapidly deploy AI-powered capabilities across every aspect of practice management, including electronic health records (EHR), billing and payments, patient experience, and practice marketing.
Leveling the Playing Field for Private Practice
Tebra is ushering a transformation in healthcare software, building edge-of-industry solutions that reduce the administrative drag on private practices. Going beyond the stale “System of Record” offered by traditional EHRs, Tebra’s EHR+ platform delivers a “System of Action” that automates manual tasks, reduces common errors, and simplifies workflows for practice owners and their teams.
“Independent practices are the backbone of the U.S. healthcare system, yet they have been historically underserved by legacy technology that adds to their administrative burden rather than alleviating it,” said Andrew Goldman, Co-Founder and Managing Partner at Hildred. “Tebra has built the rare platform that doesn’t just digitize records but actually performs work on behalf of the provider. We believe Tebra’s vision for an AI-enabled ‘System of Action’ is the critical unlocking mechanism this market needs to restore profitability and focus back to patient care. We are thrilled to partner with Dan and the Tebra team to accelerate this transformation.”
A Mandate to Eliminate the ‘Squeeze’
“This investment is a direct mandate to eliminate the ‘squeeze’ on private practices,” said Dan Rodrigues, Tebra Founder and Chief Executive Officer. “AI represents the great equalizer for the industry, solving the systemic challenges that cause burnout and destroy profitability across the entire patient and revenue journey. Our confidence — and that of our investors — is rooted in our unique ability to embed AI deep into an all-in-one, easy-to-use platform purpose-built for independent practices. We look forward to partnering with the Hildred team to strategically scale our platform.”
Kirkland & Ellis LLP served as legal advisor to Hildred. Jefferies served as exclusive financial advisor and Fenwick & West LLP as legal advisor to Tebra.