Cloud-based EHR platform Practice Fusion has reportedly hired JPMorgan Chase to explore an initial public offering (IPO) in 2017, according to a recent New York Times story. The San-Francisco-based EHR provider for doctors could attract between $1.1B to $1.5B valuation based on the company’s potential revenue projections next year.
“An I.P.O. could potentially be an outcome for Practice Fusion, but currently we continue our focus on commercializing our products, growing the business and serving our physician community,” a Practice Fusion spokeswoman wrote in an email to the Times, declining to comment further. JPMorgan declined to comment.
Last November, the company appointed Tom Langan, the former chief commercial officer at Symphony Health Solutions as its permanent CEO after serving as the interim, replacing Ryan Howard who assumed the position of Chairman of the Board.
