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CardioNet gets $110mm with equity bridge financing
27 Apr 2021
Executive Summary
CardioNet has raised $110mm through an equity bridge financing. Participants included previous backers Sanderling Ventures, Hambrecht & Quist Capital, and Foundation Medical Partners. Citigroup Global Markets and Sun Trust Robinson Humphrey served as co-placement agents. The company has developed a wireless cardiac outpatient system that provides real-time arrhythmia monitoring for ambulatory patients. It recently acquired PDSHeart, a cardiac monitoring service company.
Deal Industry
- Medical Devices
-
Medical Devices
- Diagnostic Equipment & Supplies
- Monitoring Equipment & Devices
Deal Status
- Final
Deal Type
-
Financing
- Venture Financing
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