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Canadian-Based EMR MEDFAR Raises $25M to Expand Into North America

by Fred Pennic 02/16/2021 Leave a Comment

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What You Should Know:

– MEDFAR Clinical Solutions, a Montreal-based Electronic Medical Record (EMR) provider in Canada, announced today a minority investment of nearly $25 million led by Walter Capital Partners.

– MEDFAR’s cloud-based EMR solutions, MYLE and PLEXIA, are built with physicians in mind. MEDFAR R&D is performed in partnership with doctors and healthcare administration and is driven by our clients’ needs.

– The MYLE EMR, tailored to general practitioners, and the PLEXIA EMR, tailored to specialists, allow physicians to focus on a richer patient-physician relationship by simplifying the clerical and administrative duties of daily medical practice. With MYLE and PLEXIA, it’s easy to see all of the patient’s files and data in one intuitive platform, providing medical professionals fast access to a complete profile to make better informed, safer care decisions.

– Today, MEDFAR serves nearly 7,000 physicians delivering 10 million consultations annually in Canada. In 2020 only, nearly 400 clinics in Canada deployed MEDFAR solutions, most of them switching from a competing EMR to MYLE.  

– MEDFAR plans to use the funding to accelerate its expansion, innovation and acquisition agendas in North America.

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Tagged With: cloud, electronic medical record, EMR, emr solutions, Partners, physicians

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