California-based private equity house HCAP Partners has backed 83bar, which helps to find and retain qualified individuals for clinical trials and commercial clients.
The mezzanine debt infusion will be used to restructure existing debt, provide share redemption for a small group of existing investors, and provide supplemental growth capital.
83bar, which was founded in 2015, locates patients on behalf of its clients, evaluates them using online screeners, and activates patients who are then ready to act with medical providers.
The company said it posted sales and bookings growth of 300% from 2019 to 2020.
Nicolas Lopez, principal at HCAP Partners, said, “As a leader in patient journey management, we are bullish on 83bar’s ambitious growth plans.
“Its unique approach in the marketplace to educate and activate patients via its contact center of registered nurses is a game changer.”
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