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News Alert: Horizon Technology Finance Corporation (NASDAQ: HRZN)

Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon”) (“Company”), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries, declared recently it has closed a venture loan facility to HealthEdge Software, Inc. (“HealthEdge”).
HealthEdge is focused on providing next-generation technology products to the health insurance market. The company is majoritively backed by Psilos Group Managers, LLC, an investment firm specializing in companies operating in the healthcare economy. HealthEdge will use the proceeds for general working capital purposes.
“We are excited to provide this venture loan facility for HealthEdge,” said Gerald A. Michaud, President of Horizon. “HealthEdge’s innovative software suite provides health insurers with scalable, flexible technology that can either fully replace or augment legacy technology, satellite systems and manual processes. This capital will assist support HealthEdge’s future growth as the rapidly changing dynamics of the healthcare industry continue to drive demand for its products and services.”
Steve Krupa, CEO of HealthEdge, stated, “With their experience in lending to healthcare and technology companies, Horizon was able to structure a financing facility that met our specific needs. Horizon’s growth capital will strengthen our ability to deliver ground-breaking technology solutions to regional and national health plans that better positions them in the new healthcare economy.”

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