Loopback Analytics Announces Strategic Growth Investment by PSG | PSG
Summary
Loopback founder Neil Smiley will continue to serve as CEO alongside the current leadership team.Founded in 2009, Loopback connects health systems and life sciences organizations through analytics and data-enabled services to enhance health systems specialty pharmacy efforts, maximize opportunities for improved patient-centered care, and capture and share real world data to develop therapy-specific best practices. The company serves a large and growing addressable market across all therapeutic areas.Loopback will aim to use the investment proceeds to further build out its data and analytics capabilities, including its recently launched payor access services offering and therapy-specific outcomes initiatives, which help unite leading health systems focused on developing consensus around selection and calculation of relevant clinical endpoints on a therapy-specific basis. To support that expansion, the company recently appointed Jerry Buller as Vice President of Payor Access Services.Our growth and momentum these past few years speak to the value of our solutions across all specialty pharmacy and life sciences stakeholders, said Mr. Smiley. We believe Neil and his team have a differentiated set of solutions and capabilities that will be complemented by the expansion into payor access services and the further development of therapy-specific outcomes.William Blair served as financial advisor to Loopback Analytics. Having backed more than 120 companies and facilitated over 450 add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams.
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