Healthx, Inc. Obtains Multi-Million Dollar Credit Facility from Silicon Valley Bank

INDIANAPOLIS--(BUSINESS WIRE)-- Healthx, Inc. today reports the recent completion of a new multi-million dollar credit facility with Silicon Valley Bank. The new capital will be used to refinance existing debt and further promote Healthx’s continuing growth and expansion. Healthx is the premier provider of digital engagement and collaboration solutions for the healthcare payer market.

The enormous change in the US healthcare industry has been a boon for digital engagement leader Healthx. Healthx is expanding service offerings, growing the customer base, adding talent through the recent leadership team appointments of Sean Downs, CEO and Thomas Millay, EVP Professional Services, and is positioned for tremendous revenue and profit growth.

“We have the solutions that payers are looking for to help them engage their members and collaborate with their providers. Quality score and bottom line improvements are important to healthcare payers and we have proven we can address these areas," said Kathy Kinder, Healthx President and CFO.

“As the company prepares for its next phase of growth, our goal is to empower the Healthx team to move its business forward quickly with a combination of the right financing, connections, and insights,” said Dennis Grunt, Director, Silicon Valley Bank.

About Healthx, Inc. www.healthx.comHealthx pioneered the use of a cloud-based technology platform and is the healthcare industry's leading digital engagement solution for connecting payers, providers, consumers, employers and brokers. Healthx leverages its industry knowledge, influence and relationships to deliver customized solutions to payers that are looking for a differentiator in the healthcare space. Fueled by innovation, Healthx is one of the first healthcare technology companies to offer a cloud-based platform for member engagement and provider collaboration resulting in 16 million logins annually. Today, over 160 healthcare payers across the U.S. rely on Healthx solutions to drive greater ROI for their business. Healthx is powered by healthcare and technology experts that are passionate about member and provider engagement.

About Silicon Valley BankFor more than 30 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With commercial, international and private banking services, SVB helps address the unique needs of innovators. Forbes named SVB one of America's best banks (2015) and one of America's best-managed companies (2014).

Silicon Valley Bank is the California bank subsidiary and commercial banking operation of SVB Financial Group (Nasdaq: SIVB), and a member of the FDIC. Silicon Valley Bank and SVB Financial Group are members of the Federal Reserve System.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150602006861/en/

Healthx, Inc.
Stacey Way, 317-218-0528
[email protected]

Source: Healthx, Inc.

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