CHICAGO, Nov. 29 /PRNewswire/ -- Bridge Healthcare Finance announced the completion of a $15MM revolving credit and a $9MM term loan facility to The Schuster Group (TSG), a leading rural hospital management company targeting underserved geographic areas within the Midwest.
Michael Schuster, President and CEO of TSG said, “TSG currently operates four rural hospitals, two specialty cancer treatment centers and several healthcare service operations. Now, BHF has helped us find the resources we need to grow and expand.”
“We are so glad to be able to help companies like TSG grow and develop,” says Randy Abrahams, President and CEO of Bridge Healthcare Finance. “There is a need for hospital and facility management in many areas of the Midwest, and we are pleased that we can help TSG reach out to these areas.”
The TSG facility further validates Bridge as an active participant in the healthcare finance arena.
About Bridge Healthcare Finance
Bridge Healthcare Finance offers a combination of comprehensive loan products, decades of financial expertise and an unparalleled service approach unique to the healthcare lending industry. Through accounts receivable, cash flow and real estate based term loan lending products, Bridge is able to address the differing capital needs of the healthcare industry. Loan amounts start at $500,000 -- for more information visit Bridge Healthcare Finance at http://www.bridgehcf.com/ .
About The Schuster Group
TSG is a rural hospital management company targeting underserved geographic areas within the Midwest, with the goal of increasing the quality and breadth of service in these communities. TSG’s predecessor was founded by Michael Schuster, President and CEO of TSG, in 1981, and was consolidated to form TSG in 2002.
Bridge Healthcare Finance
CONTACT: Liane Adduci for Bridge Healthcare Finance, +1-312-994-2451
Web site: http://www.bridgehcf.com/