California-based private equity firm and impact investor HCAP Partners provided a mezzanine debt infusion to restructure existing debt, provide share redemption for a small group of existing investors and provide supplemental growth capital for 83bar, an Austin, TX-based provider of management solutions for clinical trials and commercial clients across the pharmaceutical, medical device and diagnostic industries.
“We look forward to our growing partnership with HCAP Partners. Their investment will help us continue our rapid growth as we help more healthcare companies manage their patients’ journeys,” Dan Maynard, managing partner at 83bar, said. “Given their experience in the healthcare industry, we are pleased to make them our partner of choice.”
“As a leader in patient journey management, we are bullish on 83bar’s ambitious growth plans. Its unique approach in the marketplace to educate and activate patients via its contact center of registered nurses is a game changer. We look forward to their continued growth and success as they scale operations,” Nicolas Lopez, principal at HCAP Partners, said.
