Foley Hoag Congratulates Client Safeguard Scientifics on Successful Financing of Quantia
September 4, 2013
Foley Hoag client Safeguard Scientifics, Inc. (NYSE:SFE) announced the closing of a $10 million Series B financing for Quantia, Inc., a healthcare IT company that has developed the largest online physician community through its mobile and web-based physician relationship management platform called QuantiaMD. Safeguard led the round by deploying $7.5 million, with existing investors contributing the remaining $2.5 million. Foley Hoag Partner Alex Aber and Associate Erica Rice advised Safeguard on the transaction.
Founded in 2006 and headquartered in Waltham, MA, Quantia’s mobile and web-based physician relationship management (PRM) platform, called QuantiaMD, enables principal participants throughout the healthcare spectrum ― including health systems, payers, pharmaceutical companies, and medical device companies ― to reach, engage and interact with their high-value physicians in a way that ultimately creates revenue opportunities, reduces costs, saves time, and improves quality of care. Quantia utilizes a mix of social media, game mechanics and engagement science to help its clients effectively convey relevant information and shared objectives with physicians and clinicians, allowing clients to develop deep mutually beneficial relationships with physicians and clinicians in a way that leads to real changes in behavior.
"Foley Hoag extends our congratulations to client Safeguard Scientifics on its recent Series B financing of Quantia, Inc.," Aber said. "Safeguard's goal of providing growth capital to innovative healthcare and technology companies made this deal with Quantia a natural venture."
About Safeguard Scientifics
Founded in 1953 and based in the Greater Philadelphia area, Safeguard Scientifics, Inc. (NYSE:SFE) is celebrating 60 years of fostering innovation and entrepreneurship. Today, Safeguard provides growth capital and operational support to healthcare and technology companies in medtech, healthtech, specialty pharmaceuticals, financial technology, digital media, and Enterprise 3.0. For more information, please visit www.safeguard.com.
About Foley Hoag LLP
Foley Hoag provides innovative, strategic legal services to public, private and government clients across the globe. We have premier capabilities in the life sciences, healthcare, technology, energy, professional services and private funds fields, and in cross-border disputes. The diverse backgrounds, perspectives and experiences of our lawyers and business services professionals contribute to the exceptional service we deliver to clients ranging from startups to multinational companies to sovereign states. For more information, visit www.foleyhoag.com or follow @FoleyHoag on Twitter.