TORONTO, April 19 /CNW/ - Wellington Financial LP, a privately held
specialty finance firm, today announced that it has completed a previously
announced $12 million debenture financing for Nightingale Informatix Corp.
("Nightingale", NGH-TSXV). Participating in the financing is Export
Development Canada, a Wellington Financial Fund III limited partner.
Nightingale intends to use the funds to complete its acquisition of VantageMed
Corp., a U.S.-listed practice management software supplier.
Oslers Hoskin & Harcourt LLP and Cassels Brock & Blackwell LLP provided
legal advice for this transaction.
Since inception, Wellington Financial LP has led or participated in over
$200 million of transactions, making it one of the most active funds of its
kind in Canada.
About Wellington Financial LP
Wellington Financial LP is a privately held specialty finance firm
providing operating lines of credit from $1 million to $5 million; term and
amortizing loans up to $30 million; and venture debt loans up to $10 million.
Wellington Financial LP is currently deploying a $400 million investment
program via its third fund. The fund's clients vary in size and business
model. Wellington Financial LP is managed by a partnership controlled by fund
management and Clairvest Group Inc. (CVG:TSX), who jointly have contributed a
large financial stake to Fund III. Limited partners include several of
Canada's largest institutional investors, crown corporations, financial
institutions and pension funds. Please visit the fund website at
www.wellingtonfund.com, or the Wellington Financial team blog at
Export Development Canada is Canada's export credit agency, offering
innovative commercial solutions to help Canadian exporters and investors
expand their international business. EDC's knowledge and partnerships are used
by 7,000 Canadian companies and their global customers in up to 200 markets
worldwide each year. EDC is financially self-sustaining and is a recognized
leader in financial reporting, economic analysis and has been named one of
Canada's Top 100 Employers for 6 consecutive years.
Nightingale Informatix Corporation is one of North America's fastest
growing healthcare application service providers (ASP) for outpatient clinics.
Nightingale's Internet-based Electronic Health Record (EHR), Electronic
Medical Record (EMR) and practice management solutions are designed to help
physicians, clinics, hospitals and other healthcare organizations more
efficiently manage their operations and patient records.
Nightingale's products and services offer physicians in United States and
Canada leading-edge functionality for clinical documentation, patient
scheduling, resource scheduling, billing, transcription, end-to-end coding and
claims processing, data management, work flow tools, laboratory interfaces,
documentation management and patient portals, along with other real-time
services. The company's proprietary offerings of software include Nightingale
On-Demand, Entity and Physician WorkStation, providing physicians with a fully
integrated, simple-to-use system that automates daily tasks and creates a
single, accessible source of patient data.
For further information:
For further information: Amy Olah, Marketing Manager, Wellington
Financial LP, Tel: (416) 682-6002, email@example.com; Dave Mason,
Investor Relations, The Equicom Group, Tel: (416) 815-0700 x. 237,
firstname.lastname@example.org; Phil Taylor, Senior Advisory - Media Relations,
Export Development Canada, Tel: (613) 598-2904