DURHAM, N.C., March 12, 2015 (GLOBE NEWSWIRE) -- Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, today announced that it has provided a credit facility to new client Influence Health, a software developer that connects healthcare systems and hospitals to consumers via digital engagement tools. Proceeds of the credit facility will provide working capital and financed the company's purchase of BrightWhistle, a marketing platform designed to foster stronger relationships between patients and healthcare organizations.
With a presence in 43 states and several Canadian provinces, Influence Health enables providers to achieve their strategic goals using the power of digital influence. Through predictive analytics, intelligent content and multi-channel engagement, the software puts healthcare organizations in front of the right patients and prospects, at the right time, and promotes active rather than passive healthcare management and consumer decisions.
"When the opportunity to purchase BrightWhistle arose, we needed to move quickly," said Influence Health chief executive officer Peter Kuhn. "Square 1 Bank offered the speed, creativity and flexibility we needed in a banking partner, and we are excited about what we can help our clients achieve through this new venture."
Mike Griffin, senior vice president in Square 1 Bank's structured finance group, added, "We are pleased to support the merger of Influence Health and BrightWhistle, an existing Square 1 client. With the added capabilities of the newly acquired platform, Influence Health can provide the comprehensive approach the healthcare industry needs to strengthen digital influence. We look forward to supporting their success for years to come."
About Square 1 Bank
Square 1 Bank is a full service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion. Square 1's expertise, focus and strong capital base provide flexible resources and unmatched support to meet our clients' needs. Square 1 has offices coast-to-coast in Austin, the Bay Area, Boston, Chicago, Denver, Durham, Los Angeles/Orange County, Minneapolis, New York, San Diego, Seattle and Washington, DC. For more information, visit www.square1bank.com.
About Influence Health
Influence Health provides the healthcare industry's only integrated digital consumer engagement and activation platform. The Influence Health platform enables providers, employers and payers to positively influence consumer decision making and health-behaviors well beyond the physical care setting through personalized and interactive multi-channel engagement. Since 1996, the Birmingham, AL-based company has helped more than 1,100 provider organizations influence consumers in a way that is transformative to financial and quality outcomes. For more information, please visit www.influencehealth.com.