Digital Assent Lands $2.5M of Debt Financing from Silicon Valley Bank

Santa Clara, Calif. -- Digital Assent, the Atlanta-based developer of self-service patient check-in technology, said on Friday it has landed $2.5 million in debt financing from Santa Clara-based Silicon Valley Bank. The company said the additional resources will allow it to purchase the hardware needed to meet customer demand for its flagship PatientPad product. "Our goal is to achieve nationwide coverage by year's end," said CEO Andrew Ibbotson. "This financing helps us increase production of the PatientPad to meet the significant demand we are experiencing." PatientPad is a wireless touch-screen device that automates the patient check-in process and delivers targeted educational health information and advertising to patients while they sit in their healthcare provider's waiting and treatment rooms. The company has sold more than 2,000 PatientPads to 350 practices so far this year. Digital Assent recently also raised $7.5 million in its second round of equity funding.
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