Luxembourg, 8th January 2016.
IPF Partners today announced that it has provided debt financing of up to €6.0 million to Genesis Automation Limited (“Genesis”), an Irish healthcare technology provider. The financing is provided in three separate, equally sized tranches with a maturity of 4 years each.
This investment recognises the high growth prospects of Genesis with its leading, disruptive inventory and cost management system for hospitals. Currently the product is sold in multi-year contracts to NHS hospitals in England and HSE hospitals in Ireland. The funding provided by IPF will be used to support the strong growth momentum in Europe and later in 2016, the company plans to enter the US hospital market.