Stellus Capital Management, LLC Provides First Lien and Equity Financing in Support of WestView Capital’s Investment in Health MonitorJul 12, 2019
Houston – TX, June 26, 2019 – Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing and an equity co-investment in support of WestView Capital Partners’ (“WestView”) investment in Health Monitor Network (“HM” or the “Company”), a leading direct-to-patient (DTP) / patient engagement company in the United States.
Based in Montvale, NJ, HM has been a leader in delivering innovative and effective patient education and engagement products that foster dialogue between patients and their healthcare professionals for over 35 years. The Company has a network of over 400,000 healthcare professionals (HCPs) across 200,000 physician offices nationwide, providing award-winning content to tens of millions of patients. Physicians and health systems around the country see great value in HM’s content and products.
Robert Collins, Managing Director at Stellus, added, “We are excited to partner with WestView and the Health Monitor management team. We believe Health Monitor is a special platform that is well positioned with its continued innovation, differentiated product offering, and supportive financial sponsor. We appreciate the opportunity to support WestView and Health Monitor’s ongoing success.”