Practice Fusion Doubles Office Space with New Lease
Practice Fusion's new office headquarters and recent Series D funding support the company's rapid expansion after record-breaking growth in 2013
SAN FRANCISCO, Jan. 13, 2014 /PRNewswire/ -- Practice Fusion, the country's largest physician-patient community, announced today that it has signed a lease for new headquarters in San Francisco with Zynga, which will double the size of Practice Fusion's existing office space. The new space is located at 650 Townsend St. in the South of Market (SOMA) neighborhood of San Francisco. Practice Fusion will occupy the building starting in mid-2014. The 650 Townsend St. building is within close proximity to other leading technology companies including Airbnb, Pinterest, Salesforce and Adobe.
The announcement follows a year of rapid growth for Practice Fusion, which has surpassed 300 employees, raised $85 million in a Series D funding round led by Kleiner Perkins Caufield & Byers, and added offices in Palo Alto, Calif. and Seattle, Wash. The new headquarters will support the company as it expands its platform for patients and drives innovative healthcare initiatives in 2014, while preserving Practice Fusion's culture, which includes a dog-friendly environment, free employee meals, and a company-provided FitBitTM, among other perks.
"This move marks the next phase in our evolution," said Ryan Howard, Founder, Chairman and CEO of Practice Fusion. "With our unmatched nationwide network of doctors and patients, we have limitless potential to envision and create much-needed change in healthcare. Our exceptional team is dedicated to connecting doctors and patients to drive better health and save lives. This year we plan to achieve that goal faster than ever."
The transaction was led by David Churton and Travis James of Jones Lang LaSalle with the assistance of independent broker Marianne Liu, who has worked with Practice Fusion on its last three office spaces. Practice Fusion will partner with RAPT Studios, an award-winning, multidisciplinary design practice based in San Francisco, to convert this to a state-of-the-art space that fits the specific needs of Practice Fusion and its growing employee base.
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About Practice Fusion
Practice Fusion is the largest and fastest-growing healthcare platform, with a mission of connecting doctors, patients and data to drive better health and save lives. A driving force in modernizing American health care, Practice Fusion is used by a community of 100,000 monthly active medical professionals serving 80 million patients. In April 2013, the company launched its consumer-facing platform, Patient Fusion, where patients can find and book appointments with doctors and access their medical records. The World Economic Forum recognized Practice Fusion as a Technology Pioneer for 2013. www.practicefusion.com
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