XDATA – September 22nd 2014
HealthEdge Software disclosed raising $30 million as part of a brokered equity private placement. One investor acquired the securities on September 8th. The private placement’s expected net proceeds amounts to $28.2 million which excludes $1.8 million paid in brokerage fees. A total of fourteen unregistered securities offerings closed by the company raised an estimated $39.54 million.
The company is a provider of a cloud-based or on-site integrated financial, administrative and clinical platform for healthcare payors. It allows payors to leverage new business models including accountable care organizations (ACOs), health insurance exchanges (HIX), value-based benefits (VBBs) and pay-for-performance (P4P). It improves outcomes and the quality of care through transparent coordination among utilization management, case management, disease management and health and wellness functionality while drastically reducing administrative costs and manual processes.
The company is headquartered in Burlington MA. HealthEdge Software elected to keep its revenues undisclosed.
The executive team includes Matthew Hughes and Robert Gillette.
The board of directors includes Albert Waxman, Joseph Riley and Steve Krupa.
The company has raised an estimated total of $69.54 million via private unregistered security offerings.
Company: HealthEdge Software
Industry: Other Technology
Amount offered: $30 million
Amount placed: $30 million
First sale: 09-08-2014
Data as of: 09-19-2014