B. Riley FBR Advises TeleHealth Solution on Strategic Investment from New Capital Partners
TeleHealth Solution provides turnkey telemedicine technology to support the delivery of expert medical care in the acute care and post-acute care setting by providing access to board certified physicians, and the virtual evaluation and treatment of patients in skilled nursing facilities, assisted living facilities, continuing care retirement communities, and rural critical access hospitals.
"We are pleased to have served as an advisor and placement agent to TeleHealth Solution in its investment from NCP. With telemedicine on the forefront of the current global COVID-19 pandemic, the successful execution of this transaction could not come at a more important time," said
THS was seeking growth capital for a nationwide rollout to accelerate onboarding and implementation, regionalize staffing, invest in its infrastructure (benefits, IT, C-Suite), procure equipment for inventory, support customer acquisition via sales and marketing hires, and R&D including app development. Changes in reimbursement have created significant demand for telemedicine in the post-acute setting and THS needed to scale to meet demand.
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About B. Riley FBR
B. Riley FBR is a full-service investment bank which provides corporate finance, research and sales and trading to corporate, institutional and high net worth individual clients. Investment banking services include initial, secondary and follow-on offerings, institutional private placements and merger and acquisitions advisory services, and corporate restructuring. The firm is nationally recognized for its highly ranked proprietary equity research. B. Riley FBR is a subsidiary of
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