Soberlink, based in Huntington Beach, California, enables accountability for sobriety through a comprehensive alcohol monitoring system for Alcohol Use Disorder (“AUD”). The Company, founded in 2010, is the premier alcohol monitoring system in the family law and healthcare (addiction treatment) markets. Soberlink partners with over 200 addiction treatment facilities in US, Canada, and Europe.
- Soberlink Healthcare, LLC (“Soberlink” or the “Company”) is a leading developer of remote alcohol monitoring products and services, including a software as a service platform
- Envisage acted as placement agent for the upsizing of the Company’s debt facility with East West Bank
- Management wanted its existing facility to increase to implement certain corporate goals
- Transaction needed to be efficient and cost effective
- Successfully structured and negotiated the transaction
Still Have Questions?
Please contact Leo Fernandez if you would like to discuss this transaction.