CDL Nuclear Technologies
Provider of turnkey cardiac PET, PET/CT, and SPECT solutions including facility buildout, scanners, ancillary equipment, radioactive isotopes and consumables
TeleTracking
Transaction Snapshot:
Service Type:
Capital Raise
Industry:
Business Services, Healthcare
Ownership:
Founder Owned
Location:
Pennsylvania
Buyer Type:
Bank (Publicly-Traded)
Confluence Advisors, LLC (“Confluence”) acted as the exclusive Investment Banker to TeleTracking Technologies, Inc. (“TeleTracking”) in the placement of senior debt financing which will enable the Company to fund growth.
TeleTracking is a SaaS business that develops and markets a range of healthcare information technology solutions to optimize clinical, financial and operational outcomes of hospitals and healthcare facilities. TeleTracking’s software solutions include products that facilitate and automate patient-flow and work-flow across the entire healthcare continuum. The company is a world leader in patient flow solutions and operates on the principle that no patient should ever have to wait for the care they need. The company’s software is being used in approximately 1,000 hospitals, health systems and clinics throughout North America.
Confluence solicited interest from a targeted list of both traditional banks and private credit groups. After receiving multiple term sheets, TeleTracking selected Huntington Bank as its partner for this next phase of growth. Confluence’s experience in running a competitive financing process resulted in a solution for TeleTracking that provided cost-efficient financing.