Burns & Levinson, the leader in connected pharmacy care for polypharmacy and senior patients, announced that it represented MedMinder in securing an additional USD 35 million in funding through a credit facility with SWK Holdings Corporation and further investment from existing equity partner, Accelmed Partners.
By expanding its capacity to meet rising demand, providing its holistic pharmacy services nationally, and developing cutting-edge virtual care, clinical, and technological capabilities, MedMinder will be able to further its mission of enabling patients to age at home. The credit facility will close on August 30, 2022.
Gil Breiman served as the team leader for the Burns & Levinson deal team, including partners Caitlin Barrett and Alison Harrall, associates Michael Andreasen and Kaitlin Spurling, and others. The company represents MedMinder as its general corporate counsel and assists with corporate issues, equity and debt financings, corporate governance, strategic agreements, regulatory guidance and compliance, employment issues, and dispute resolution.
Breiman remarked:
“We look forward to working with CEO Mike Edwards and his exceptional management team as we traverse various prospects. It is an honor to partner with MedMinder and to be a part of their outstanding growth. Their dedication to lowering the overall cost of our healthcare system and improving life for high-risk and vulnerable patients has paid off with the most recent grant.”
The CEO of MedMinder, Mike Edwards, said:
“We are incredibly fortunate to have Gil and his team by our side as we continue the next exciting chapter in our strategic expansion strategy. The success of MedMinder has been greatly influenced by their extensive knowledge of the financial markets, the corporate world, and regulatory challenges.
About MedMinder:
MedMinder is the best-linked pharmacy care option for seniors and patients who take multiple medications. Since its establishment in 2007, MedMinder has grown to include over 180 team members and is now regarded as a pharmaceutical care organization with ultra-high growth. The first product on the market, MedMinder’s touch screen-enabled automatic pill dispenser, offers patients medications straight from its integrated pharmacy in pre-organized daily trays for the month. MedMinder adopts a customer-centric strategy and continuously innovates to address the changing demands of patients, caregivers, practitioners, and payers.
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