November 26, 2024 10:00 AM Eastern Standard Time

TORONTO–(BUSINESS WIRE)–CIBC Innovation Banking today announced a US$13 million growth capital facility for Practice Better, a leading all-in-one practice management software platform serving health and wellness professionals. The investment will support Practice Better’s continued expansion into new markets and accelerate product innovation empowering health and wellness professionals to reach millions of clients.

“Practice Better’s innovative platform is helping thousands of healthcare practitioners run more efficient practices, giving them more time to focus on their clients and scale their impact”Post this

Practice Better offers a suite of tools that integrate scheduling, telehealth, client engagement and billing, helping practitioners save time on administrative tasks and focus on delivering client-centric care. This growth capital will be used to enhance Practice Better’s platform with transformative AI-driven features, expand its product development, and scale its sales and marketing efforts to meet the increasing demand for digital healthcare solutions.

“Practice Better’s innovative platform is helping thousands of healthcare practitioners run more efficient practices, giving them more time to focus on their clients and scale their impact,” said Josh Olawale, Director at CIBC Innovation Banking. “We are excited to support their continued growth and help redefine what is possible in the health tech space.”

Nathalie Garcia, Co-Founder of Practice Better, said, “Since day one, our goal has always been to support practitioners and their clients by providing them with the tools they need for long-term success, and this partnership with CIBC Innovation Banking will allow us to accelerate that mission. We’re excited to continue to solve real problems for our practitioners by expanding our platform and continuing to empower practitioners to run more efficient and successful practices.”

The investment comes at a pivotal time as healthcare professionals seek to adopt technologies that streamline workflows, unlock growth opportunities, and improve patient engagement. As the healthcare industry continues to shift towards digital solutions, Practice Better is well-positioned to lead the charge in transforming practice management for health and wellness practitioners.

About CIBC Innovation Banking

CIBC Innovation Banking delivers strategic advice, cash management and funding to innovation companies across North America, the UK, and select European countries at each stage of their business cycle, from start up to IPO and beyond. With offices in Atlanta, Austin, Boston, Chicago, Denver, Durham, London, Menlo Park, Montreal, New York, Reston, San Francisco, Seattle, Toronto and Vancouver, the team has extensive experience and a strong, collaborative approach that extends across CIBC’s commercial banking, private banking, wealth management and capital markets businesses.

About Practice Better

Practice Better is a leading all-in-one practice management platform with a mission to empower health and wellness professionals to help millions of clients live better lives. The company serves tens of thousands of practitioners in 70+ countries, reaching more than 1 million clients across the globe. From its earliest days supporting nutrition-focused practitioners and coaches, Practice Better has been embraced by a wide range of health and wellness practitioners, including naturopathic doctors, chiropractors, and mental health therapists. The platform empowers wellness professionals to streamline administrative work, engage clients, and scale their practices beyond the traditional 1:1 model. Learn more at practicebetter.io.

Contacts

Beth McKay, beth.mckay@cibc.com, 416-552-1391

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