Push Health initiated a first close after placing $310,000 with eleven investors. The company’s $400,000 non-brokered equity financing started to sell almost two weeks ago. Based on the offering’s structure, the company has until February 2015 to raise an extra $90,000. This is the first time Push Health is selling securities under a registration exemption.
The company developed and markets a mobile phone application for doctors to send prescription electronically to patients. The app organizes patients information, automatically documents the doctor’s notes and routes prescriptions to the right pharmacy. The software is HIPAA (Health Insurance Partability and Accountability Act) compliant.
Matthew Williamson (Co-Founder, Co-president and CFO) leads the Torrance CA based company which was registered in 2012. Push Health elected to keep its revenues undisclosed.
The executive team includes Chirag Shah (C0-Founder) and Steven Bull (CTO).
Status: First close
Company: Push Health
Industry: Other Technology
Amount offered: $400,000
Amount placed: $310,000
First sale: 02-27-2014
Data as of: 03-03-2014