Square 1 Bank Announces Credit Facility to Influence Health
12 Marzo 2015 - 3:23PM
Square 1 Bank, the premier banking partner to entrepreneurs and the
venture capital community, today announced that it has provided a
credit facility to new client Influence Health, a software
developer that connects healthcare systems and hospitals to
consumers via digital engagement tools. Proceeds of the credit
facility will provide working capital and financed the company's
purchase of BrightWhistle, a marketing platform designed to foster
stronger relationships between patients and healthcare
organizations.
With a presence in 43 states and several Canadian provinces,
Influence Health enables providers to achieve their strategic goals
using the power of digital influence. Through predictive analytics,
intelligent content and multi-channel engagement, the software puts
healthcare organizations in front of the right patients and
prospects, at the right time, and promotes active rather than
passive healthcare management and consumer decisions.
"When the opportunity to purchase BrightWhistle arose, we needed
to move quickly," said Influence Health chief executive officer
Peter Kuhn. "Square 1 Bank offered the speed, creativity and
flexibility we needed in a banking partner, and we are excited
about what we can help our clients achieve through this new
venture."
Mike Griffin, senior vice president in Square 1 Bank's
structured finance group, added, "We are pleased to support the
merger of Influence Health and BrightWhistle, an existing Square 1
client. With the added capabilities of the newly acquired platform,
Influence Health can provide the comprehensive approach the
healthcare industry needs to strengthen digital influence. We look
forward to supporting their success for years to come."
About Square 1 Bank
Square 1 Bank is a full service commercial bank dedicated
exclusively to serving the financial needs of the venture capital
community and entrepreneurs in all stages of growth and expansion.
Square 1's expertise, focus and strong capital base provide
flexible resources and unmatched support to meet our clients'
needs. Square 1 has offices coast-to-coast in Austin, the Bay Area,
Boston, Chicago, Denver, Durham, Los Angeles/Orange County,
Minneapolis, New York, San Diego, Seattle and Washington, DC. For
more information, visit www.square1bank.com.
About Influence Health
Influence Health provides the healthcare industry's only
integrated digital consumer engagement and activation platform. The
Influence Health platform enables providers, employers and payers
to positively influence consumer decision making and
health-behaviors well beyond the physical care setting through
personalized and interactive multi-channel engagement. Since 1996,
the Birmingham, AL-based company has helped more than 1,100
provider organizations influence consumers in a way that is
transformative to financial and quality outcomes. For more
information, please visit www.influencehealth.com.
CONTACT: Media Contact:
Square 1 Bank
Dee McDougal
919.597.7479
dmcdougal@square1bank.com
Grafico Azioni Square 1 Financial, Inc. (NASDAQ:SQBK)
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Grafico Azioni Square 1 Financial, Inc. (NASDAQ:SQBK)
Storico
Da Gen 2024 a Gen 2025