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has issued Series A Preferred Stock to an investor group led by

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PDN is a provider of Internet- based fraud and compliance monitoring software.

Senior Team

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Frank H. "Bo" Briggs, III

Managing Director
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Physicians Data Network

Type

Capital Raise

Description

Croft & Bender was hired by Physicians Data Network (PDN), an early-stage provider of healthcare compliance software, to draft the offering memorandum, market the company, and secure necessary capital for growth. They successfully raised capital, with Monarch Capital Partners serving as the lead investor, enabling PDN to build its infrastructure and expand sales and marketing efforts.

Industries

Healthcare Technology
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has issued Series A Preferred Stock to an investor group led by

text

PDN is a provider of Internet- based fraud and compliance monitoring software.

About

Physicians Data Network is a provider of web-enabled proprietary information management software and services designed to enable healthcare providers and payors to effectively monitor fraud and abuse regulatory compliance and measure productivity.

Situation

PDN was in its very early stages of growth, with a finished product, several hundred customers and modest revenue. The Company needed capital to build out its infrastructure and fund sales and marketing efforts. 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 Monarch Capital Partners acting as the lead investor.