AirStrip (San Antonio), a provider of mobile healthcare applications, has raised $25 million in a strategic funding round led by the Gary and Mary West Health Investment Fund, Sequoia Capital and Wellcome Trust.
The funding will support the continued growth of AirStrip One mobile technology solutions, expansion into the home health space, internalization efforts, and accelerated integration with analytics engines, the company noted. AirStrip says its solutions address hospitals' IT challenges by integrating clinical data and making it accessible on mobile devices.
In addition to AirStrip's existing investors, including Sequoia Capital, Wellcome Trust, Hospital Corporation of America and Qualcomm, new investors include: Dignity Health; St. Joseph Health; The Gary and Mary West Health Investment Fund; and Leerink Partners.
In other financing activity:
• Omega Healthcare Investors (Hunt Valley, Maryland) said it has commenced an offer to exchange $400 million of its registered 4.95% senior notes due 2024 for $400 million of its outstanding 4.95% senior notes due 2024, which were issued March 11 in a private placement. The exchange notes are identical in all material respects of the initial notes, except that the exchange notes will be registered under the Securities Act of 1933 and the provisions of the initial notes relating to transfer restrictions, registration rights, and additional interest will not apply to the exchange notes.
The exchange offer is limited to holders of the 4.95% senior notes due 2024 issued on March 11. The exchange offer is scheduled to expire Oct. 8.
• Healthsense (Mendota Heights, Minnesota), a provider of technology-enabled care solutions for seniors, said it has closed on $10 million in financing led by Mansa Capital. Previous investors Merck Global Health Innovation Fund and Radius Ventures also participated in the round.
Healthsense offers remote monitoring, emergency response, and wellness management solutions for senior care, built on a wireless platform. //