CHICAGO, Feb. 15 /PRNewswire/ -- Bridge Healthcare Finance and Bridge Opportunity Finance today announced the completion of a $2 million revolver and $7 million term loan to provide the financing for DW Healthcare Partners (“DWHP”) acquisition of Hill Top Research, Inc., a worldwide leader in clinical research for personal care, oral care, and health care products.
Hill Top Research based in Cincinnati, OH offers a broad array of clinical research services, including safety testing, efficacy testing, sensory testing, claim substantiation, data management, project management, and microbiology. Throughout its 55 years of operations, the company has been successful in recruiting and retaining top industry experts, creating an unparalleled wealth of knowledge in writing protocols and conducting clinical trials. Additionally, Hill Top has strong data management & biostatistics skills that provide clients with timely, concise output from their clinical research. In addition to revitalizing the capital structure, the acquisition of Hill Top will allow funds to be earmarked for growth initiatives, including further expansion into the pharmaceutical services market and possible industry acquisitions.
“We are very excited by the financing provided by Bridge, and we look forward to many years of growth and opportunity for all Hill Top Associates,” said Joel Ivers, Hill Top’s Chief Executive Officer. “This investment and financing enhances our ability to continue to offer unparalleled clinical research expertise and robust subject recruiting at our multiple and diverse locations throughout North America. In addition, we can continue to invest in providing high quality studies for our clients.”
“The Hill Top transaction underscores our expertise in helping companies fund acquisitions,” says Randy Abrahams, President and CEO of Bridge Healthcare Finance. “Our responsiveness and industry expertise allowed for the completion of the acquisition within 30 days from introduction to the company.”
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 offices in the Northeast and Southern California.
Bridge Healthcare Finance
CONTACT: Jason Bragg, Chief Financial Officer of Bridge HealthcareFinance, +1-312-334-4453
