June 2018
Catasys
Canaccord Genuity acts as financial advisor to Catasys, Inc. on its debt financing to support accelerating growth
On June 14, 2018, Catasys, Inc. (“Catasys” or the “Company”) completed a debt financing to support accelerating growth, comprised of a receivables facility with Heritage Bank of Commerce and a term loan facility with Horizon Technology Finance Corporation. Catasys intends to use the proceeds to scale new contracts and expansions and invest in new technology platforms.
Catasys provides specialized healthcare services and technology which assist major health plans and other third-party payors target, manage and cost-effectively treat their highest-risk members suffering from anxiety, depression, substance abuse and other comorbidities issues. The Company harnesses proprietary big data predictive analytics, artificial intelligence and telehealth, combined with human intervention, to deliver improved member health and cost savings to health plans through integrated technology-enabled treatment solutions.
The Canaccord Genuity team consisted of Dudley Baker, Michael Balistreri, Evan Gabriel, Gus Guenther and Sam Berklacich.
