Nymbl Systems, provider of cloud-based management software for home medical equipment (HME), Complex Rehab Technology (CRT), and orthotics and prosthetics (O&P) businesses, has secured a strategic investment from Frontier Growth.
In a Dec. 17 news announcement, Columbus, Ohio-based Nymbl Systems said the investment “provides capital and resources to accelerate Nymbl’s growth, drive continued product innovation, and enhance its ability to support health-care providers nationwide.”
The announcement described Frontier Growth as a growth equity investment firm “that partners with growth-stage vertical software companies to support them through their journey to become market leaders.”
“This partnership with Frontier Growth is a major milestone for Nymbl Systems,” said Josh Lau, Nymbl’s CEO. “Their deep expertise in scaling vertical SaaS [software as a service] businesses, combined with their ‘people-first culture,’ aligns perfectly with our customer-centric approach, making them the ideal partner to help us achieve our growth objectives. We’re excited to partner with Frontier to expand our reach, develop even more innovative solutions for our customers, and strengthen our mission to help providers deliver exceptional care while optimizing their operations.”
Nymbl System’s comprehensive practice management software platform uses processes including artificial intelligence to streamline workflows such as clinical documentation and patient intake “as well as inventory purchase ordering and revenue cycle management,” the announcement added. Noting that Nymbl’s system empowers providers to deliver better patient care and achieve accelerated revenue cycles, the announcement added, “Nymbl is reshaping how health-care providers operate in a rapidly evolving market.”
“Nymbl Systems is transforming how health-care providers manage critical workflows,” said Dave Pandullo, partner at Frontier Growth, based in Charlotte, North Carolina. “We were extremely impressed by Nymbl’s track record of product innovation and exceptional customer trust they’ve earned, as evidenced by their strong market traction with hundreds of providers across the U.S. We’re excited to partner with the Nymbl team to support their vision of driving continued innovation and improving outcomes for the O&P, CRT and HME markets. We believe there’s a compelling opportunity for Nymbl to continue winning its market, further amplifying value to its customers, and ultimately transform these verticals.”
