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INDUSTRY:
Healthcare

WHAT:
TripleTree led Mediclick in a capital raise of $5 Million of preferred stock

THE ESSENTIALS:
TripleTree leveraged its focused expertise in healthcare and extensive working knowledge of proprietary ASPs to identify a range of strategic and private investors that could provide both the capital and channels necessary to advance the development of Mediclick’s business model.

MediClick is a proprietary ASP and is emerging as the primary materials management & supply-chain solutions provider in the healthcare market. Located in Raleigh, North Carolina, Mediclick’s proprietary solutions are specifically designed for the unique supply chain needs of the healthcare industry and have been adopted by hospitals across the U.S. The Company is embarking on a multi-billion opportunity to re-engineer healthcare supply chains by building an information infrastructure that ties medical supplies distributors and manufacturers directly into the resource management systems of hospitals.

In an effort to accelerate the growth of its outsourced supply chain solutions in healthcare, Mediclick sought to raise equity capital to fund the expansion of its sales and marketing infrastructure as well as the Company’s software development capabilities. To meet this objective, TripleTree assisted Mediclick prepare its financing plan and identify a range of strategic and private investors that could provide both the capital and channels necessary to advance the development of Mediclick’s business model. Specific objectives included:


 Build a national direct sales force with sales engineers

Build the marketing and technical infrastructure to ensure a lead position in the healthcare e-procurement marketplace.
Generate financing for entry into new segments of healthcare with new products and technologies.
Finance the building of infrastructure required for rapid expansion of the business and to support their recurring revenue business model.

“TripleTree's expertise within healthcare, and more specifically with ASPs, was invaluable to us as we leveraged our strategic investment from Allegiance into a broader-based financing. We will continue to work with TripleTree as our financial advisor as we assess long-term opportunities for MediClick. Their knowledge of the market is highly complementary to our management team's efforts to monitor and capitalize on future opportunities.”
                                                                                - Ron Kupferman
                                                                             Chairman & CEO, Mediclick

TripleTree led Mediclick in a capital raise of $5 MM, including a $2 MM strategic investment from Cardinal Health subsidiary Allegiance, the largest distributor of healthcare products to the acute-care hospital market. Strategic investments were also made by Amerinet, the largest group purchasing organization (GPO) in the small-to- medium sized hospital market, and Adventist West Health System, a premier hospital located in Portland, Oregon. In addition to contributing capital, Allegiance and Amerinet have made significant commitments to promote Mediclick’s supply chain solution to hospitals across the U.S. Additional financing was raised with VenCap Opportunity Fund and a series of private individuals and small investment funds. TripleTree continues to act as a long-term financial advisor to Mediclick.

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