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SG Credit Provides Growth Capital Facility to Extended Care Professional

Date: Oct 19, 2022 @ 07:47 AM
Filed Under: Technology

Extended Care Professional (“ECP”) is a SaaS-based company that provides a suite of integrated EHR, eMAR, and other software tools to assisted living facilities and the pharmacies that serve them. ECP’s product suite automates med-passing workflows leading to better patient outcomes and enhanced oversight.
 
ECP was seeking additional capital to bolster its sales and R&D teams to further support growth. The Company also wanted to partner with a debt provider that could facilitate additional tranches for add-on / tuck- in acquisitions as opportunities arise.
 
SG provided a non-dilutive growth facility structured around ARR and enterprise value. The credit facility included additional tranches available upon achieving agreed upon KPIs.

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