CHICAGO, Dec. 6 /PRNewswire/ -- Bridge Healthcare Finance today announced the completion of a $12 million term loan facility and a $17 million working capital revolving facility to Pleasant Care Corporation and its subsidiaries. Pleasant Care is based in California and operates 34 skilled nursing and assisted living facilities on the west coast.
Emmanuel Bernabe, Owner and Founder of Pleasant Care Corporation, said, “Bridge Healthcare Finance listened to our needs and provided a loan structure which will allow Pleasant Care the ability to meet our future business and growth goals.”
“Pleasant Care Corporation is another example of the growing need for customized loan modeling in the healthcare finance arena, especially in the area of skilled nursing,” comments Randy Abrahams, President and CEO of Bridge Healthcare Finance.
Citra Capital Management, LLC served as Pleasant Care Corporation’s financial advisor during this transaction. Citra Capital Management, LLC provides merchant banking and financial advisory services to middle market health care companies. Citra has offices in the Chicago, Los Angeles and Phoenix areas.
The Pleasant Care facility further validates Bridge as an active participant in the healthcare finance arena and its expertise in skilled nursing and long term care.
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/ .
Bridge Healthcare Finance
CONTACT: Liane Adduci for Bridge Healthcare Finance, +1-312-994-2451
Web site: http://www.bridgehcf.com/