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Bracewell Represents Parkland Center for Clinical Innovation in Complex Spin-Off Transaction with Pieces Technologies

March 22, 2016

DALLAS – Bracewell LLP represented Parkland Center for Clinical Innovation (PCCI) in connection with a sophisticated and complex spin-off transaction involving Pieces Technologies (Pieces Tech), an innovative start-up that deploys cutting edge technology to improve clinical and community health outcomes. Pieces Tech is officially launching with a $21.6 million Series A funding round. Pacific Advantage Capital (PAC Partners) and Jump Capital led the investment along with participation from Children’s Health (Dallas), Order of Saint Francis Healthcare System (Peoria, IL), PCCI and select Dallas investors, among others.

The Pieces™ software platform, conceived by Ruben Amarasingham, M.D., founder and CEO of Pieces Tech, was incubated at PCCI, a noted scientific research and development nonprofit corporation in Dallas. The Pieces™ technology interprets patient data in real-time, using predictive models and deep clinical research to create warning tools that can save lives and grow healthier communities, both inside and outside of hospital walls.

Pieces Tech provides integrated monitoring, prediction, workflow optimization, and organizational learning services and software for hospitals, health systems and community based organizations. These systems are used to identify and prevent adverse events, such as avoidable mortality and re-hospitalization for chronic diseases and illnesses. In addition, Pieces Tech offers unique cloud-based software for community-based organizations to manage all of their client needs. The software is also designed to connect to hospitals’ information systems to provide a holistic view of patients and their health care needs.

Children’s Health, the leading pediatric health care system in North Texas, is working with innovative companies like Pieces Tech to advance technology that drives its mission of making life better for children.

Bracewell attorneys working on this transaction included:

Partners: Janice Z. Davis (corporate and technology partner), Jonathan C. Leatherberry (public finance)and R. Todd Greenwalt (tax)

Associates: Nigel Wheeler and Austin C. Whitmore