HealthEdge Software Garners $17,500,000 New Round

  • Feed Type
  • Date
    10/9/2013
  • Company Name
    HealthEdge Software
  • Mailing Address
    3 Van de Graaff Drive Burlington, MA 01803
  • Company Description
    HealthEdge provides health plans, TPAs, PPOs, and insurers of all sizes with unique software applications to position them for success.
  • Website
    http://www.healthedge.com
  • Transaction Type
    Debt
  • Transaction Amount
    $17,500,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The transaction consisted of a $17.5 million second lien term loan from Fifth Street Finance and a revolver from SVB. Proceeds purposes will be used to refinance an existing credit facility and provide additional growth capital.
  • M&A Terms
  • Venture Investor
    Fifth Street Technology Partners
  • Venture Investor
    Silicon Valley Bank