Wellfount Corporation
Company Summary:
- Wellfount Corporation is a US based, privately-held company providing long term care pharmacy services through a safe, cost effective approach that combines technologically sophisticated remote dispensing units with high touch, on-site customer service.
- On 26 March, 2014, Wellfount announced that it has closed its series B financing round consisting of debt and equity with participation from Deerfield Management Company, Elevate Ventures and existing investor Arboretum Ventures.
- Structure included a $15 million debt with warrants facility and $7 million equity financing.
- Proceeds will be used to expand the portfolio of long term care facilities in which its innovative pharmacy solution is implemented, and to strengthen its financial position with flexible, minimally dilutive capital that will allow it to meet growing client demand for implementing its solution in new facilities.
- Healthios served as exclusive financial adviser to Wellfount Corporation.
- This transaction highlights Healthios commitment to capital formation for emerging growth companies, our success in completing complex transactions, and our dedication to deep, long-term relationships.