onFocus Healthcare reports successful placement of its mezzanine securities


onfocus healthcareA $250,000 unregistered mezzanine investment round initiated by onFocus Healthcare was subscribed by ten financial backers. According to the information disclosed, the placement started almost two weeks ago and was fully subscribed. A total of five unregistered securities offerings closed by the company raised an estimated $6.57 million.

onFocus Healthcare develops and markets a web-based enterprise performance management software for healthcare organizations, including large for profit, community and non-profit hospitals, as well as academic medical centers. The platform provides the tools to automate planning, reporting and tracking goals and achievements.

The company, headquartered in Brentwood TN, is led by Steven J Mason (CEO). onFocus Healthcare kept its revenues undisclosed.
The executive team includes Gerard T Reardon and Ronald E Galbraith.
The board of directors includes Jeff Goldsmith, Joseph Boyd, Matthew King, Thomas Sherry and Vic Gatto.

The company has raised an estimated total of $6.82 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: onFocus Healthcare
Industry: Business Services
Amount offered: $250,000
Amount placed: $250,000
First sale: 05-16-2014
Data as of: 05-27-2014

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