When was Kermit PPI founded?

Kermit PPI was founded in 2011 and raised its 1st funding round 5 years after it was founded.

Where is Kermit PPI located?

Kermit PPI is headquartered in Baltimore, United States. It is registered at Hunt Valley, Maryland.

How many employees does Kermit PPI have?

As of Apr 30, 2026, the latest employee count at Kermit PPI is 30.

Is Kermit PPI a funded company?

Kermit PPI is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Mar 24, 2016.

When was the latest funding round of Kermit PPI?

Kermit PPI's latest funding was a $***** Seed round on Mar 24, 2016, with participation from 1 investor. Its primary sector is Healthcare IT. In United States, the Healthcare IT sector has seen $5.83B in funding in 2026 to date.

Where does Kermit PPI rank among its competitors?

Kermit PPI ranks 10th amongst 52 active competitors, of which 6 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was TruLite Health, which secured $2.87M in Nov, 2024.

Who are the top competitors of Kermit PPI?

Kermit PPI's top competitors include Sanlam, Strata Decision and LOGEX. Among them, TruLite Health secured the most recent funding round in November, 2024.

Kermit PPI - 2026 Company Profile, Team, Funding & Competitors

Company Details

Automated, evidence-based solutions bringing transparency and financial control to PPI spend. This is a SaaS analytics platform that provides clarity and actionable insights into physician preference item (PPI) spend. It empowers supply chain managers, surgeons, and executives with real-time data on implantable medical device transactions, delivering visibility to help hospitals save millions. The cloud-based platform digitizes vendor bill sheets, improving efficiency and accuracy. It offers instant compliance audits to ensure vendor agreements are followed. Analytics rapidly identify trends and savings opportunities, bringing immediate ROI. The software solution unites stakeholders with an easily accessible analytics platform, capturing data at the point of use and enabling collaboration. It supports the transition to ICD-10 and adding to joint registries.

Website: www.kermitppi.com/
Social
Email ID: *****@kermitppi.com
Registered Address: Hunt Valley, Maryland

Key Metrics

Founded Year

2011

Location

Baltimore, United States

Stage

Acquired

Total Funding

$525K in 1 round

Latest Funding Round

Seed, Mar 24, 2016, $*****

Investors

Empactful Capital & 1 more

Ranked

10^th among 52 active competitors

Employee Count

30 as on Apr 30, 2026

Similar Companies

Sanlam & 68 more

Exit Details

Acquired by Diversis Capital (Nov 12, 2025)

View Kermit PPI's full profile

Kermit PPI is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
PA & ASSOCIATES HEALTHCARE, LLC CIN: 611676635 , United States, Active	Dec 31, 1999	$1M - $5M (As on Aug 21, 2013)	27 (As on Dec 31, 2024)	-

Kermit PPI got acquired by Diversis Capital on Nov 12, 2025.

Click here to take a look at Kermit PPI's acquisition in detail

Kermit PPI has raised a total funding of $525K over 1 round. Its latest funding round was a Seed round on Mar 24, 2016 for $*****. 1 investor participated in its latest round. Kermit PPI has 2 institutional investors.

Here is the list of recent funding rounds of Kermit PPI:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 24, 2016	3135193	Seed	5351653	4683944	7355218	2087686

Access funding benchmarks and valuations. Sign up today!

View details of Kermit PPI's funding rounds and investors

The founders of Kermit PPI are Richard Palarea and Jason Smith.

Here are the details of Kermit PPI's key team members:

Richard Palarea: CEO & Co-Founder of Kermit PPI.
Jason Smith: COO & Co-Founder of Kermit PPI.

View details of Kermit PPI's Founder profiles and Board Members

Kermit PPI's employee count trend

Kermit PPI has 30 employees as of Apr 26. Here is Kermit PPI's employee count trend over the years:

Uncover Kermit PPI's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Kermit PPI include Sanlam, Strata Decision and LOGEX. Here is the list of Top 10 competitors of Kermit PPI, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Sanlam 1918, Bellville (South Africa), Public	Provider of life insurance services	-	-	66/100
2nd	Strata Decision 1996, Chicago (United States), Acquired	Developer of cloud-based financial planning, analytics, and budgeting software systems	$5.4M	BLH Venture Partners, Mosley Ventures & 3 others	63/100
3rd	LOGEX 2006, Amsterdam (Netherlands), Late Stage	Developer of healthcare financial management solutions	-	Thoma Bravo, Summa Equity	58/100
4th	Heard 2019, San Francisco (United States), Series A	Provider of a SaaS based financial workflow management software and services for therapists	$26.3M	Founders' Co-op, Footwork & 15 others	56/100
5th	Provide 2014, San Francisco (United States), Acquired	Provider of financial management software for healthcare professionals	$34M	QED Investors, Clocktower Ventures & 2 others	45/100
6th	iQuartic 2009, Cambridge (United States), Acquired	Provider of financial manangement solutions for healthcare organizations	$2.37M	New York Digital Health, Dreamit & 7 others	40/100
7th	TruLite Health 2021, Tempe (United States), Series A	Provider of health equity solutions for health systems and hospitals	$6.93M	Osage Venture Partners, Ensemble Innovation Ventures ... & 1 others	40/100
8th	Computalogic 2004, Ooltewah (United States), Unfunded	Cloud-based clinic and financial management solution for healthcare organizations	-	-	39/100
9th	Anodyne Health 2003, Alpharetta (United States), Acquired	Enterprise software for Healthcare providers	$5.6M	424 Capital, Frontier Capital & 2 others	38/100
10th	Kermit PPI 2011, Baltimore (United States), Acquired	Automated, evidence-based solutions bringing transparency and financial control to PPI spend	$525K	Empactful Capital, Dreamit	35/100