Abstract
On 11th March 2008, LifeMasters Supported SelfCare Inc. announced an investment deal. The announcement made it clear that, LifeMasters Supported SelfCare Inc. was going to receive an investment worth $15 million from three companies, namely, Vantage Point Venture Partners, Opus Capital and Saints Capital.
LifeMasters Supported SelfCare Inc. Business Deals refer to all the business deals made by LifeMasters Supported SelfCare Inc. But, here, we will discuss the most recent business deal of LifeMasters Supported SelfCare Inc.
Most recently, LifeMasters Supported SelfCare Inc. announced an investment deal. The announcement revealed that, the company was going to receive huge funding worth $15 million from three companies.
Details of the Deal
The investment deal was announced on 11th March 2008. Through this investment deal, LifeMasters Supported SelfCare Inc. received a financing of $15 million from three companies namely, Vantage Point Venture Partners, Opus Capital and Saints Capital.
LifeMasters Supported SelfCare Inc. has decided to use the funds, received through the investment deal for the following purposes:
- LifeMasters Supported SelfCare Inc. has planned to use the funds in financing its' strategic growth initiatives.
- The company also thought of utilizing the funds in expanding its' disease management program.
- LifeMasters Supported SelfCare Inc. declared that, in developing more and more health improvement programs, the funds of the investment deal would be used.
In respect of this investment deal, Annette Bianchi, Managing Director, Vantage Point Venture Partners, stated that, as LifeMasters Supported SelfCare Inc. is one among those few companies who offer disease management programs and has continuously succeeded in offering innovative products, which generate positive impact on health. Vantage Point Venture Partners, decided on investing in LifeMasters Supported SelfCare Inc.
In the same context, Lilian Shakleford Murray, Managing Director, Saints Capital, stated that, Saints Capital planned to invest in LifeMasters Supported SelfCare Inc., as the company has significant experience in the health improvement industry and has always succeeded in addressing the market needs.
In this respect, Gill Cogan, General Partner, Opus Capital, stated that, his company believes in investing those companies that provide smart solutions to the customers by using innovative technology and therefore, Opus Capital has invested in LifeMasters Supported SelfCare Inc.