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Software + TechnologyOctober 24, 2022

SG Credit Provides Growth Capital Facility to ECP

The Company

Extended Care Professional (“ECP”) is a SaaS-based company that provides a suite of integrated EHR, eMAR, and other software tools to assisted living facilities and the pharmacies that serve them. ECP’s product suite automates med-passing workflows leading to better patient outcomes and enhanced oversight.

The Financing Situation

ECP was seeking additional capital to bolster its sales and R&D teams to further support growth. The Company also wanted to partner with a debt provider that could facilitate additional tranches for add-on / tuck- in acquisitions as opportunities arise.

The Solution

SG provided a non-dilutive growth facility structured around ARR and enterprise value. The credit facility included additional tranches available upon achieving agreed upon KPIs.