OptimizeRx Corp. (NASDAQ: OPRX), a provider of healthcare technology solutions for life sciences companies, announced that it has entered into a $35 million senior secured credit facility with Fifth Third Bank. The facility comprises a $25 million term loan and a $10 million revolving credit facility that was undrawn at closing. Roth Capital Partners served as financial advisor on the transaction.
This credit facility provides OptimizeRx with additional capital to support its growth strategy, which includes expanding its platform of AI-driven tools such as the Dynamic Audience Activation Platform (DAAP) and Micro-Neighborhood Targeting (MNT). These tools enable life science brands to deliver timely, relevant, and hyper-local engagement to healthcare providers and patients.
OptimizeRx is a leading healthcare technology company that is redefining how life science brands connect with patients and healthcare providers. The company's platform combines innovative AI-driven tools to bridge the gap between HCP and DTC strategies, empowering brands to create synchronized marketing solutions that drive faster treatment decisions and improved patient outcomes. Headquartered in Waltham, Massachusetts, OptimizeRx partners with some of the world’s leading pharmaceutical and life sciences companies.
The new credit facility is expected to enhance the company's financial flexibility and support its continued investment in technology and market expansion. By securing this facility, OptimizeRx positions itself to further leverage its privacy-safe, patient-centric technology to deliver life-changing therapies to the right patients at the right time.
The announcement comes as the company continues to execute on its strategic priorities, including the integration of its recent acquisitions and the development of new capabilities to meet the evolving needs of the healthcare industry. The facility is also expected to provide working capital for ongoing operations and potential future acquisitions.
For more information about OptimizeRx and its solutions, visit www.optimizerx.com.