Telcare placed 95% of its non-brokered mezzanine financing with seven backers. The company launched the offering to raise $36.71 million, so far investors started to subscribe to $34.71 million on October 3rd. The company closed four previous unregistered private placements which raised an estimated $50.04 million.
The company is headquartered in Bethesda MD. Telcare kept its revenues undisclosed.
The executive team includes Andrew Flanagan, John R Dwyer and Jonathan C Javitt.
The board of directors includes Casper De Clercq, Kenneth Melani, Patrick Flynn and Scott Carter.
The company has raised an estimated total of $84.75 million via private unregistered security offerings.
Status: First close
Industry: Other Health Care
Amount offered: $36.71 million
Amount placed: $34.71 million
First sale: 10-03-2014
Data as of: 10-20-2014