Follow us:

Brier Dudley's blog

Brier Dudley offers a critical look at technology and business issues affecting the Northwest.

October 30, 2013 at 4:19 PM

WebMD buys Seattle-based Avado

WebMD has bought Seattle health software startup Avado.

Avado was founded three years ago by several veteran startup entrepreneurs and launched its online patient-relationship management platform just over a year ago.

Financial terms weren’t disclosed but it was a positive exit, according to Avado Chief Executive Dave Chase. He’ll continue leading the 12-person team in Seattle as a satellite engineering center for New York-based WebMD.

“We’re thrilled with the outcome,” he said.

Avado’s technology complements WebMD’s efforts to connect patients to healthcare providers, WebMD executives said in a release.

“Our acquisition of Avado demonstrates WebMD’s commitment to playing a leading role in the emerging patient relationship management space because we believe that connectivity has the potential to make the delivery of care more efficient and improve patient outcomes,” David Schlanger, WebMD chief executive, said in the release.

Avado likely sold for more than the $2 million it raised to launch the company, half from angel investors and half from the founding team.

Chase led Microsoft’s healthcare business until 2003 and then worked with several startups before co-founding Avado with Bassam Saliba. Both are staying with WebMD.

“We’re going to essentially build a big business around what we have, leveraging the assets of WebMD,” Chase said.

Comments

COMMENTS

No personal attacks or insults, no hate speech, no profanity. Please keep the conversation civil and help us moderate this thread by reporting any abuse. See our Commenting FAQ.



The opinions expressed in reader comments are those of the author only, and do not reflect the opinions of The Seattle Times.


The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►
The Seattle Times

To keep reading, you need a subscription upgrade.

We hope you have enjoyed your complimentary access. For unlimited seattletimes.com access, please upgrade your digital subscription.

Call customer service at 1.800.542.0820 for assistance with your upgrade or questions about your subscriber status.

The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Activate Subscriber Account ►