CHICAGO, Jan. 10 /PRNewswire/ -- Bridge Healthcare Finance today announced the completion of a $5 million revolver and a $5 million acquisition term loan facility to ArborMed, a California-based, full-service management company that delivers healthcare providers throughout the country personalized and cost effective full-service practice management, ASP and patient accounting services.
"We are very pleased to be working with Bridge Healthcare Finance in our ongoing consolidation efforts," said Charles Morf, President and CEO of ArborMed. "This partnership enables us to continue enhancing our technology and realize efficiencies that translate into more comprehensive services for our clients."
"As a high-growth company in the healthcare service industry, ArborMed recognized the opportunity to achieve their growth plans by drawing on Bridge Healthcare Finance's proven capabilities in delivering custom loan structures," said Randy Abrahams, President and CEO of Bridge Healthcare Finance. "We're excited to provide the impact capital to help the company meet its objectives."
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. Bridge is based in Chicago, Illinois with an office in Hartford, Connecticut. Loan amounts start at $500,000 -- for more information visit Bridge Healthcare Finance at http://www.bridgehcf.com/ .
About ArborMed
ArborMed Corporation is prominent in the healthcare management industry, offering a variety of services to Healthcare Providers throughout the country, including billing, collections, provider enrollment, information systems (both turn-key and ASP) and HIPAA compliance solutions. For more information, please visit http://www.arbormed.com/ .
Bridge Healthcare FinanceCONTACT: Liane Adduci for Bridge Healthcare Finance, +1-312-994-2451