Health Professionals Alliance Inc. Opens Second Funding Round
New investment will build on $28M raised in the company’s initial investment round.
Lake Oswego, Ore., United States – July 28, 2021. Today, Health Professionals Alliance Inc. (HPA) announced the opening of its second round of funding, the Ambassador Round, to a limited number of accredited investor dental and medical private practices at a price of $2.00 per share. The company aims to raise $10M in its Ambassador Round, building on the Founder’s Round where it raised more than $28M in placements to 38 private practices and closed on April 15, 2021.
HPA has created a business model that is designed to give private healthcare practices an alternative path to current liquidity options that often result in an acquisition by either a hospital group or private equity firm, and strip consumers of choice.
“There is strong data showing doctors provide better patient care when they are in private practice. Their work-life balance is more satisfying, and patients reap the benefits,” said HPA President, Kate Othus. “At HPA, we are disrupting the old model to bring price transparency and real-time data analytics to doctors running their own business — and to connect these doctors across the country with each other.”
Medical and Dental providers currently within HPA’s extended network rose to over 3,000 medical and dental professionals as of July 2021.
HPA has created a service-based healthcare company where doctors not only enjoy discounted essential services and a cutting-edge data analytics dashboard, but they have the opportunity to be shareholders through a practice equity program that allows doctors to unlock the equity in their practice without having to sell to large healthcare systems or investors.
“Investing in HPA offers me the financial benefits and long-term freedom I was seeking,” said Michael Rieber, MD. “HPA’s model allows me to remain independent, which in turn allows me to continue to practice medicine the way I believe it should be and the way my patients expect and deserve. The company recognizes the equity I’ve built in my practice and provides me with new levers to exercise that equity and grow the business without selling out.”
INDUSTRY-SPECIFIC SERVICES
HPA offers multiple resources and services enabling independent providers to stand firm against corporate consolidation trends that drive up the cost of healthcare at the expense of doctors and patients alike.
HPA has signed 12 new strategic partners since January of 2021. These strategic partnerships are designed to support practice growth, and provide expertise not typically found in a doctor’s office like dedicated IT teams, tax and accounting services 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 investment in the Ambassador Round should contact Brendon Lundberg, HPA, at brendon@hpamembers.com.
About HPA
Founded in 2018, Health Professionals Alliance provides a suite of personal and professional services intended to empower and preserve the independent doctor. The company works with dentists, physicians, and others to help them build equity in the ever-changing healthcare landscape. It has created a customized platform of support including diversification strategies, comprehensive data analytics, and financial options from lending to practice liquidity. This alliance employs a holistic approach to growth that helps doctors focus on what they do best, caring for their patients. For more information, visit hpamembers.com.
Securities Disclaimer
Any offer may be made only to accredited investors through the authorized Private Placement Memorandum that contains important information about the investment, business, management, and certain risks. Health Professionals Alliance Inc. is not a registered broker-dealer, investment company, 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 pursuant to the exemption from registration under the Securities Act of 1933, as amended pursuant to Rule 506 (c) under Regulation D promulgated by the Securities and Exchange Commission (“SEC”). All prospective investors must certify that they are accredited investors, and provide either supporting documents or third-party verification, eligible for this type of illiquid investment, and must acknowledge that they have received and read all investment materials. There can be no assurance that Health Professionals Alliance Inc. will be able to pay dividends in the future or that any market will be established for its securities. Additional risks exist due to operations and liabilities. There is a potential for loss of part or all of 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 make their own determination whether to make any investment, based on their own independent evaluation of the investment and their risk tolerance.
For more information, press and investors:
Jayme Barnes, Director of Marketing, Jayme@hpamembers.com
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