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Healthx Obtains Credit Facility from Silicon Valley Bank

June 03, 2015, 07:24 AM
Filed Under: Technology

Healthx, Inc. announced the recent completion of a new multi-million dollar credit facility with Silicon Valley Bank. The new capital will be used to refinance existing debt and further promote Healthx’s continuing growth and expansion. Healthx is the premier provider of digital engagement and collaboration solutions for the healthcare payer market.

The enormous change in the U.S. healthcare industry has been a boon for digital engagement leader Healthx. Healthx is expanding service offerings, growing the customer base, adding talent through the recent leadership team appointments of Sean Downs, CEO and Thomas Millay, EVP Professional Services, and is positioned for tremendous revenue and profit growth.

“We have the solutions that payers are looking for to help them engage their members and collaborate with their providers. Quality score and bottom line improvements are important to healthcare payers and we have proven we can address these areas," said Kathy Kinder, Healthx President and CFO.

“As the company prepares for its next phase of growth, our goal is to empower the Healthx team to move its business forward quickly with a combination of the right financing, connections, and insights,” said Dennis Grunt, Director, Silicon Valley Bank.

Healthx pioneered the use of a cloud-based technology platform and is the healthcare industry's leading digital engagement solution for connecting payers, providers, consumers, employers and brokers. Healthx leverages its industry knowledge, influence and relationships to deliver customized solutions to payers that are looking for a differentiator in the healthcare space.

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