Practice Fusion Hires a CFO — And You Know What That Means
Practice Fusion, one of the largest providers of online electronic health records, plans to name a chief financial officer on Tuesday, in a move that often signals early plans for an initial public offering.
The San Francisco company picked up Robert Park, previously vice president of Chegg. He helped take the online student hub public last year.
Asked whether they’re preparing for an IPO, the company provided the following statement.
“An IPO could definitely be in Practice Fusion’s future, but we’re focused primarily on the here and now: continuing to grow our platform, reaching all corners of the healthcare ecosystem and delivering on our mission to connect doctors, patients and data to drive better health and save lives.”
The prepared quote from Chief Executive Ryan Howard also did little to dampen the possibility of going public.
“Last year we tripled revenue and more than doubled our staff,” he said. “Adding Park to our executive leadership team positions us well for the next stage of our growth.”
A successful offering could be a big payday for investors including Kleiner Perkins, Artis Ventures, Qualcomm Ventures and others.