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ABS Capital backs Healthnation

06/27/2013

The deal is part of a series of transactions that was advised by Arch Point Partners within the payor tech domain.

Healthnation's chief executive officer Darin LeGrange commented on the fundraiser, "The ArchPoint Partners team played a material role in helping our company optimize alternatives and closing this financing from ABS and Hughes. ArchPoint understands the healthcare technology landscape at an elemental level, and we were pleased to work with them on this transaction."

The lead investors in the financing joined Silver Stream Capital in funding the optimization of the company's  tech platform.

Cary Devore, Partner at Silver Stream Capital, said,  "The team at ArchPoint helped us to achieve this successful transaction and we benefitted greatly through their focused efforts and expertise in analyzing market alternatives, and ultimately securing this partnership."

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