MEDFAR Solutions

MEDFAR Solutions

Cloud-based EMR for doctors and clinics

Overview

Medfar Solutions provides cloud-based electronic medical record (EMR) software for doctors and private clinics. Its flagship product, MYLE, streamlines clinical workflows with a user-friendly interface, customizable medical summaries, and quick access to patient information. It supports solo practitioners and group practices, and includes advanced analytics to generate reports, charts, and statistics for decision-making and research. The business relies on subscription fees, serving over 3,000 healthcare professionals. Compared with competitors, MYLE emphasizes tailored workflows for clinicians, flexible deployment for individual and multi-provider practices, and integrated analytics to improve patient care and operational efficiency. The company's goal is to help medical teams deliver better patient care and run their operations more efficiently through cloud EMR technology.

About MEDFAR Solutions

Simplify's Rating
Why MEDFAR Solutions is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Healthcare

Company Size

201-500

Company Stage

Series C

Total Funding

$40.3M

Headquarters

Montreal, Canada

Founded

2010

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Simplify's Take

What believers are saying

  • Secured $30M Series C from Investissement Québec for North American expansion.
  • Achieved 100% YoY ARR growth, serving 15,000 professionals across 1,800 clinics.
  • Ranked 47th on 2024 Deloitte Technology Fast 50 as Canada's fastest-growing EMR.

What critics are saying

  • Integration glitches from CareWay and COMTRON acquisitions erode user trust.
  • QHR Technologies blocks Canadian market share with superior provincial integrations.
  • Epic and athenahealth undercut US expansion via better RCM interoperability.

What makes MEDFAR Solutions unique

  • MYLE pioneered Quebec's first web-based EMR in 2013.
  • Acquired CareWay in March 2025 for AI-driven EMR intelligence.
  • Integrated COMTRON's Medgen EHR, LABGEN LIS, and RCM in August 2024.

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Funding

Total Funding

$40.3M

Below

Industry Average

Funded Over

2 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Below Average

Industry standards

$50M
$40M
Figma
$50M
Medium
$62M
SeatGeek
$100M
Oura

Benefits

Hybrid Work Options

Remote Work Options

Flexible Work Hours

Paid Vacation

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Wellness Program

Mental Health Support

Conference Attendance Budget

Professional Development Budget

Stock Options

Company Equity

Phone/Internet Stipend

Home Office Stipend

Bereavement Leave

Parental Leave

Family Planning Benefits

Fertility Treatment Support

Adoption Assistance

Childcare Support

Elder Care Support

Meal Benefits

Gym Membership

Employee Referral Bonus

Relocation Assistance

Tuition Reimbursement

Professional Certification Support

Mentorship Program

Training Programs

Health Insurance

Dental Insurance

Vision Insurance

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

0%
PEI Group
Mar 5th, 2025
Walter Capital Partners-backed Medfar acquires CareWay

In 2021, Walter Capital led a C$25m minority investment in Medfar

Cision
Mar 5th, 2025
MEDFAR Acquires CareWay: Pioneering the Most Intelligent EMR in Canada Français

MONTRÉAL, March 5, 2025 /CNW/ - MEDFAR, the developer of the leading electronic medical record (EMR) platform MYLE, is pleased to announce the acquisition of CareWay, a Canadian pioneer in artificial intelligence (AI) for healthcare.

Canadian Healthcare Technology
Aug 14th, 2024
MEDFAR Expands in US EMR Market

MEDFAR, a leading Canadian EMR provider, has acquired New York-based COMTRON, including Medgen EHR, LABGEN LIS, and RCM software, expanding its footprint in the U.S. primary care market. This integration enhances MEDFAR's MYLE Integrated Care Platform, streamlining primary care workflows and benefiting patients, labs, and providers. The acquisition aligns with MEDFAR's goal to support 5 million care providers in delivering high-quality care to 500 million patients globally.

PR Newswire
Aug 8th, 2024
Medfar, Fastest-Growing Emr/Ehr Provider, Announces Successful Entry Into The U.S. Primary Care Market With Comtron Integration

MEDFAR Unveils New Brand Identity Reflecting Its Growth and Ambitious Healthcare GoalsMONTREAL, Aug. 8, 2024 /PRNewswire/ - MEDFAR, developer of the Integrated Care Platform MYLE and leading Canadian EMR provider, has successfully completed the integration of New York-based COMTRON, establishing a strategic foothold in the U.S. primary care market. With the acquisition of Medgen electronic health records (EHR), LABGEN LIS for medical laboratories, and revenue cycle management (RCM) software & services, MEDFAR now offers a comprehensive suite of tools for primary healthcare professionals across the United States.Since pioneering the first web-based EMR in Quebec, MEDFAR's innovative approach has fueled steady and exponential growth. Its core product, the MYLE Integrated Care Platform, has become the #1 solution used by primary care teams, and is the fastest growing EMR in Canada."This latest integration fast tracks MEDFAR's mission of driving excellence and efficiency in healthcare globally," said Elias Farah, CEO and co-founder of MEDFAR. "Lab Information System (LIS) and advanced RCM software and service capabilities add a crucial dimension to our MYLE Integrated Care Platform

PR Newswire
Nov 8th, 2023
MEDFAR announced as one of Deloitte's Technology Fast 50™ in Canada and Technology Fast 500™ program winners in North America for 2023

MEDFAR announced as one of Deloitte's Technology Fast 50™ in Canada and Technology Fast 500™ program winners in North America for 2023.

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