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CIBC Innovation Banking Supports MedMe Health’s Expansion with Growth Capital to Scale AI-Powered Pharmacy Care Across North America

CIBC Innovation Banking has announced a growth-focused credit facility to MedMe Health, a digital health company transforming pharmacy care delivery across North America. The financing will support MedMe’s expansion of its product offerings and scaling of operations, particularly in the United States. Founded in 2019, MedMe has quickly become a key platform for pharmacy-based clinical services in Canada, now serving over 4,500 pharmacies across North America. The company empowers pharmacies to function as full-service clinical hubs by enabling them to deliver vaccinations, chronic disease management, preventative care, and other patient services at scale. Purya Sarmadi, CEO and Co-Founder of MedMe, said the partnership with CIBC Innovation Banking marks a pivotal moment in the company’s growth. “With strong momentum in the U.S. and the launch of AI-powered tools like Clinical Assistant and Patient Concierge, MedMe is redefining how community healthcare providers engage with patients, document care, and deliver outcomes,” he said. “This financing will accelerate our U.S. expansion, enhance our medical billing capabilities for pharmacist-led care, advance our AI roadmap, and broaden our footprint across specialty pharmacy and adjacent healthcare providers.” Niramay, Executive Director at CIBC Innovation Banking, praised MedMe’s impact on the healthcare sector. “MedMe is driving meaningful change in pharmacy care delivery with its innovative, customizable software platform. We’re proud to support its next phase of growth as it enters new markets and continues to lead digital transformation in healthcare.” MedMe is backed by prominent investors including Microsoft’s M12, Graphite Ventures, MaRS IAF, and Y Combinator. CIBC Innovation Banking has over 25 years of experience supporting growth-stage technology and life science companies across North America. With more than $11 billion in funds managed, the division has supported over 700 venture and private equity-backed businesses in the past six and a half years. It operates from 14 global locations, including San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston, and Durham. MedMe Health is a scaling-stage digital health company dedicated to modernizing community-based care. Addressing the limitations of outdated pharmacy systems, MedMe offers a flexible, all-in-one platform designed specifically for pharmacist-led care. Trusted by over 4,500 pharmacy locations and major national chains, the platform has powered more than 25 million patient services to date. The company is rapidly expanding into the U.S. and into adjacent sectors such as specialty pharmacy. Its modular infrastructure simplifies scheduling, intake, documentation, and communication for services including vaccinations, minor ailments, point-of-care testing, and chronic disease management. MedMe is also at the forefront of integrating artificial intelligence into pharmacy operations. Its Clinical Assistant uses real-time transcription to auto-fill clinical notes, while Patient Concierge, a voice-powered agent, autonomously handles refill requests, appointment bookings, and follow-ups. These tools reduce administrative workloads, improve patient access, and allow pharmacists to practice at the top of their license.

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