LifeMasters Supported SelfCare Inc. Business Deal

On March 11, 2008, LifeMasters Supported SelfCare, Inc. announced an investment deal that made it clear that LifeMasters Supported SelfCare, Inc. was going to receive an investment worth $15 million from three companies: Vantage Point Venture Partners, Opus Capital and Saints Capital.
LifeMasters Supported SelfCare, Inc. Business Deals refers to all the business deals made by LifeMasters Supported SelfCare, Inc., however, we will only discuss their most recent business deal.LifeMasters Supported SelfCare, Inc. announced an investment deal that revealed that the company was going to receive a huge funding worth $15 million from three companies.

Details of the Deal
The investment deal was announced on March 11, 2008. Through this investment deal, LifeMasters Supported SelfCare, Inc. received a financing of $15 million from three companies: Vantage Point Venture Partners, Opus Capital, and Saints Capital.

LifeMasters Supported SelfCare, Inc. has decided to use the funds it 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.
  • It will also use the funds to provide more health improvement programs.

Regarding this investment deal, Annette Bianchi, Managing Director of Vantage Point Venture Partners, stated that since LifeMasters Supported SelfCare, Inc. is among those few companies that offer disease management programs and has continuously succeeded in offering innovative products, which generate positive impact on health, Vantage Point Venture Partners, decided to invest in the company.

Likewise, Lilian Shakleford Murray, Managing Director of Saints Capital, stated that Saints Capital planned to invest in LifeMasters Supported SelfCare, Inc. because the company has significant experience in the health improvement industry and has always succeeded in addressing the market needs.

Adding to this, Gill Cogan, General Partner of Opus Capital, stated that his company believes in investing in those companies that provide smart solutions to their customers by using innovative technology, therefore, Opus Capital has invested in LifeMasters Supported SelfCare, Inc.

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