Wellfount Corp.

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.

Transaction Overview

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.

Significance of the Transaction

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 Role

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Private Placement

Wellfount Corp.

Has completed $22,000,000 debt and equity financing

The undersigned acted as exclusive advisor to wellfount