has issued Series A Preferred Stock to an investor group led by
GlobalCare is a leading provider of medical claims management solutions.
GlobalCare provides unique solutions that enable healthcare payers to significantly reduce the cost of “out of network” claims. GlobalCare’s Delivery System includes a broad provider network, a 24x7 medical help desk, and a proprietary technology platform.
GlobalCare had previously raised over $9.0 million from individual investors. The Company needed to refinance some of its existing debt, put in place a more flexible balance sheet structure and fund its ongoing growth requirements. Croft & Bender was hired to draft the offering memorandum, market the Company to interested parties and to analyze, structure and negotiate a transaction that would raise the necessary capital.
Croft & Bender successfully raised capital for the Company, with Insight Venture Partners of New York acting as the lead investor. C&B Capital also invested in the transaction.