Sandata, LLC, a Port Washington, N.Y.-based provider of information technology solutions to the home healthcare industry, has received an undisclosed minority investment from Stripes Group.
In conjunction with the transaction, Ken Fox, Founder and Managing Partner of Stripes Group, will become a member of the company’s board.
TD Bank has provided the company, which provides a complete package of information technology solutions, which includes scheduling, time and attendance, billing, payroll, compliance and clinical applications, for the home healthcare industry, new senior debt financing to retire existing debt and to fund future growth.
According to Bert E. Brodsky, Chairman and Founder of Sandata, Stripes can help the company manages the next stage of its evolution and growth.
FinSMEs
25/03/2010