Sabal Medical, Inc. is a healthcare startup founded in 2006 and headquartered in the United States. The company aims to improve medication distribution processes in hospitals and enhance patient safety by bringing nurses and pharmacists together. Sabal Medical has developed a unique solution called Sabal™, a scalable and mobile medication cabinet that integrates barcode verification software to reduce medication errors.
Sabal™ offers computer-controlled access to patient and medication-specific storage containers, effectively eliminating unnecessary trips to stationary cabinets. It also provides a detailed audit trail and can be easily rolled into the patient's room. Moreover, the product can be ordered as a standalone solution with immediate deployment or with additional functionality for pharmacy integration and nurse medication administration.
The most recent investment in Sabal Medical, Inc. was a $500.00K debt financing round that took place on 30 August 2010. The investors in this round included South Carolina Research Authority, Nexus Medical Partners, and Upstate Carolina Angel Network. With its innovative approach to medication delivery and a strong investor backing, Sabal Medical, Inc. is positioned to make a significant impact in the healthcare and pharmaceutical industries.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Debt Financing | $500.00K | 3 |
|
30 Aug 2010 |
| Convertible Note | $517.98K | 1 |
|
30 Apr 2010 |
| Venture Round | $125.00K | - | 08 Jun 2009 | |
| Series B | Unknown | 1 |
|
14 Jul 2008 |
| Series A | Unknown | - | 22 Dec 2006 |
No recent news or press coverage available for Sabal Medical, Inc..
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