Square 1 Bank Announces Credit Facility to mPulse Mobile
PacWest Bancorp (PACW)
Last pacwest bancorp earnings: 4/21 07:00 am
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Source: GlobeNewswire
LOS ANGELES, May 04, 2017 (GLOBE NEWSWIRE) -- Square 1 Bank, a division of Pacific Western Bank, today announced that it has provided a $5 million credit facility to new client mPulse Mobile, a leader in mobile health engagement solutions. Proceeds from the facility will augment working capital and provide access to funds to accelerate the company’s growth initiatives, including merger and acquisition opportunities and ongoing product innovation, subject to the loan’s terms and conditions. Headquartered in Encino, California, mPulse Mobile drives improved health outcomes and business results by engaging individuals through real-time, tailored interactive dialogue. By combining mobile technology, data science, analytics and industry expertise, the company assists healthcare organizations in activating consumers in their health and lifestyle choices. mPulse Mobile is backed by several leading investors including HLM Venture Partners, OCA Ventures, Echo Health Ventures and Rincon Vent
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