BL Healthcare Inc. raised $800,000 by converting bridge loans from original investors into equity and is looking to add to the pot.
The Foxborough, Mass.-based company, which makes a platform that enables healthcare providers to manage and educate their patients through their televisions, said it will use the funds to improve its balance sheet and increase its product portfolio. All but one of the company’s original investors converted debt into equity, according to a company spokesman.
BL Healthcare’s Series A round is open until Dec. 31 and the company is hoping to attract additional investors.
