Health Professionals Alliance Inc. opens second round of funding


The new investment will build on the $ 28 million raised in the company’s first round of investment

LAC OSWEGO, Oregon, July 28, 2021– (BUSINESS WIRE) – Today, Health Professionals Alliance Inc. (HPA) announced the opening of its second round of funding, the Ambassador Round, to a limited number of accredited private dental and medical practices at the award. $ 2.00 per share. The company aims to raise $ 10 million in its Ambassador Round, building on the Founder’s Round where it raised more than $ 28 million in placements with 38 private firms and closed on April 15, 2021.

HPA created a business model designed to provide private healthcare practices with an alternative route to current liquidity options that often result in a hospital group or private equity acquisition, and deprive consumers of their choice. .

“Strong data shows that physicians provide better patient care when they practice in private practice. Their work-life balance is more satisfying and patients reap the benefits, ”said HPA President Kate Othus. “At HPA, we’re shaking the old model to bring price transparency and real-time data analysis to physicians who run their own businesses – and to connect these physicians across the country with each other.”

The medical and dental providers currently within HPA’s extensive network grew to more than 3,000 medical and dental professionals by July 2021.

HPA has created a service-based healthcare business where physicians not only benefit from low cost essential services and a cutting edge data analytics dashboard, but they also have the opportunity to be shareholders. through an equity of practice program that allows physicians to unlock equity in their practice without having to sell to large healthcare systems or investors.

“Investing in HPA gives me the financial benefits and long-term freedom that I was looking for,” said Michael Rieber, MD. “The HPA model allows me to remain independent, which in turn allows me to continue practicing medicine as I think it should be and as my patients expect and deserve. The company recognizes the fairness that I have built in my practice and provides me with new levers to exercise that capital and grow the business without selling out. “

INDUSTRY-SPECIFIC SERVICES

HPA offers multiple resources and services that enable independent providers to resist corporate consolidation trends that increase the cost of healthcare to the detriment of physicians and patients.

HPA has signed 12 new strategic partners since January 2021. These strategic partnerships are designed to support the growth of the practice and provide expertise not typically found in a medical practice, such as dedicated IT teams, tax departments and accountants equipped to handle the complexities of healthcare organizations; and merchant services to process patient payments. New HPA partners include American Express, Crossroads Tax Advisors, Effortless, Fiserv, GNSA, Green Sail Transitions, Harris Berne Christensen LLP, Kleer, Merit Wealth, Numana SEO and Rx2Live.

Private practice owners interested in exploring investing in the Ambassador Round should contact Brendon Lundberg, HPA, at [email protected]

About HPA

Founded in 2018, Health Professionals Alliance offers a range of personal and professional services aimed at empowering and preserving the independent physician. The company works with dentists, physicians and others to help them strengthen equity in the ever-changing healthcare landscape. He created a personalized support platform comprising diversification strategies, comprehensive data analysis and financial options ranging from lending to practicing liquidity. This alliance uses a holistic approach to growth that helps physicians focus on what they do best, caring for their patients. For more information, visit hpamembers.com.

Securities disclaimer

Any offer can only be made to qualified investors through the authorized private placement memorandum which contains important information on the investment, activities, management and certain risks. Health Professionals Alliance Inc. is not a registered broker, investment firm, investment advisor or crowdfunding portal and does not engage in any conduct requiring such registrations.

The securities offered through the private placement memorandum will be offered in accordance with the exemption from registration under the Securities Act of 1933, as amended in accordance with Rule 506 (c) under Regulation D promulgated by the Securities and Exchange Commission (“SEC”). All potential investors must certify that they are accredited investors and provide supporting documentation or third party verification, eligible for this type of illiquid investment, and must acknowledge that they have received and read all investment documents. . There can be no assurance that Health Professionals Alliance Inc. will be able to pay dividends in the future or that a market will be established for its securities. Additional risks exist due to operations and responsibilities. There is a potential for loss of some or all of the investment capital. Neither the SEC nor any federal or state securities commission or regulatory authority has recommended or approved any investment or reviewed the accuracy or completeness of any of the information or materials presented. All investors must decide for themselves whether they wish to invest, based on their own independent assessment of the investment and their tolerance for risk.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210728005240/en/

Contacts

Jayme Barnes, Director of Marketing, [email protected]


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