has issued

Series A Preferred Stock

to an investor group led by


GlobalCare is a leading
provider of medical claims
management solutions.

The undersigned acted as financial advisor to GlobalCare in this Transaction

GlobalCare

Description

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.

Situation

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.

Result

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.