Ascension Ventures co-led a $50 million series D financing round for Elation Health, a primary care-focused electronic health records company.
This newest fundraising round brings Elation Health's total financing to $108.5 million. Elation Health will use the funds to increase its market reach, according to a July 26 press release.
Generation Investment Management co-led the fundraising effort with Ascension Ventures.
Elation's platform is used in private primary care practices as well as membership-based primary care providers like Crossover Health and Cityblock Health. Ascension Ventures is the venture capital arm of St.Louis-based health system Ascension.
"Ascension Ventures believes that independent primary care practices will continue to be a foundational component of care delivery, particularly as healthcare moves towards value-based care. Elation has demonstrated that it can enable these clinicians to operate at top-of-license by making clinical and practice management more intuitive and efficient with technology and automation," said John Kuelper, senior managing director and head of healthcare technology at Ascension Ventures.