SAN JOSE, Calif., Sept. 28, 2017 (GLOBE NEWSWIRE) -- Bridge Bank today announced it has expanded its relationship with Tabula Rasa Healthcare, a healthcare technology company optimizing medication safety, through a new credit facility. The new credit facility will support Tabula Rasa’s pursuit to improve healthcare and their recent acquisition of SinfoniaRX.
“Tabula Rasa Healthcare continues its impressive growth and the SinfoniaRX acquisition is a great fit for the company,” said Alan Spurgin, senior vice president and region director of Bridge Bank’s Mid-Atlantic technology banking group. “We are thrilled to be able to finance this strategic transaction and to expand the relationship between Bridge Bank and Tabula Rasa Healthcare.”
“We appreciated the attention and confidence that we received from Bridge Bank,” said Brian Adams, chief financial officer of Tabula Rasa Healthcare. “Their confidence in us and our team will help lead to the continued growth of our company as we move forward.”
About Bridge Bank
Bridge Bank is a division of Western Alliance Bank, Member FDIC, the go-to-bank for business in its growing markets. Bridge Bank was founded in 2001 in Silicon Valley to offer a better way to bank for small-market and middle-market businesses across many industries, as well as emerging technology companies and the private equity community. Geared to serving both venture-backed and non-venture-backed companies, Bridge Bank offers a broad scope of financial solutions including growth capital, equipment and working capital credit facilities, sustainable energy project finance, venture debt, treasury management, asset-based lending, SBA and commercial real estate loans, ESOP finance and a full line of international products and services. Based in San Jose, Bridge Bank has eight offices in major markets across the country along with Western Alliance Bank’s robust national platform of specialized financial services. Western Alliance Bank is the primary subsidiary of Phoenix-based Western Alliance Bancorporation. One of the country’s top-performing banking companies, Western Alliance ranks #4 on the Forbes 2017 “Best Banks in America” list. For more information, visit bridgebank.com.
About Tabula Rasa Healthcare
Tabula Rasa Healthcare (NASDAQ:TRHC) is a leader in providing patient-specific, data-driven technology and solutions that enable healthcare organizations to optimize medication regimens to improve patient outcomes, reduce hospitalizations, lower healthcare costs, and manage risk. Medication risk management is TRHC’s leading offering, and its cloud-based software applications provide solutions for a range of payors, providers and other healthcare organizations. For more information, visit: www.TRHC.com