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Accountable Healthcare completes equity raise, plans acquisitions

July 26 2013

Accountable Healthcare Holdings Corp., a Boca Raton, Fla.-based healthcare staffing provider, announced the successful completion of its third round equity raise.

The raise consisted of five-year notes with detachable equity warrants. It included investors from Accountable’s April and October 2012 equity rounds as well as several new investors.

“We are very pleased with the results of our third private placement,” said Robert J. Adamson, chairman and CEO of Accountable Healthcare Holdings Corp. “We are well capitalized to execute our business plan, which calls for making strategic healthcare staffing acquisitions and opening new ‘de novo’ locations.”

Accountable completed its purchase of HGI Healthcare Inc. this month. This is its sixth acquisition and the company announced that it expects to close its seventh acquisition shortly.

“It will be one of largest deals to date,” said Eddie Albert, director of mergers and acquisitions.

The company expects more funding rounds and M&A opportunities going forward.

“We have a very full pipeline,” said Albert. “We expect that we will be back out raising again mid-Q4.”

Accountable Healthcare currently operates 29 offices throughout the United States.


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