We are proud to announce our latest transaction in the Healthcare Technology sector. Bailey Southwell served as the exclusive financial and strategic advisor to Tellus, LLC in connection with the company’s Series B capital round.
Tellus is a leading provider of Electronic Visit Verification (“EVV”) technology solutions to the home health and long-term care markets. The company plans to use the proceeds to support its continued growth as a premier national EVV solutions provider.
Carroll Capital led the Series B capital round with participation from existing and new investors. Debt capital was provided by the Canadian Imperial Bank of Commerce.
Given the unique circumstances around our immediate business needs and our rapid growth trajectory, it was essential for our advisor to first help us identify the strategic alternatives that were in front of us. With the guidance of Bailey Southwell, we decided to move forward with a smart combination of debt and equity financing,” commented Bradley Levine, CEO and President of Tellus.