Investors buy $13.5 million worth of Lucent Health Solutions’ equity

lucent health Lucent Health Solutions disclosed placing 45% of its $30 million non-brokered equity issuance. Based on the filing, four investors started to subscribe to the $13.5 million first close almost two weeks ago. The offering will remain open until October 2015 while an additional $16.5 million worth of securities is sold to investors. The company doesn’t appear to have previously sold securities under a registration exemption with the SEC.

The company recently acquired North America Administrators a self-funded health plan administrator.

The company is a technology driven health care risk management organization, maximizing the value of data to deliver the most affordable health plans for self-insured employers. NaviMed Capital is the company’s main financial sponsor.

Lucent Health Solutions, registered in 2014, is headquartered in Arlington VA. It is led by Brett Rodewald (CEO). Revenues were not disclosed.
The executive team includes Alex Arnet.
The board of directors includes Brian Canann and Ryan Schwarz.

Offering recap
Status: First close
Company: Lucent Health Solutions
Industry: Other Health Care
Amount offered: $30 million
Amount placed: $13.5 million
First sale: 10-03-2014
Data as of: 10-16-2014

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