Acquisition Financing/ $4.5 Million Combination Revolving Credit Facility & Term Loan
Company is a leading provider of medical cycle management software to the healthcare industry focused on providing organized, integrated and simplified care to physician practices through web-based services.
The Company had been growing its business rapidly and had the opportunity to purchase the medical records management division of a large accounting and business advisory firm but lacked the capital to finance the acquisition. They had been unable to find a lender willing to take the loan risk.
Business Capital successfully presented the merits of the client’s plan and worked with a financial partner that had the flexibility and vision to see the long term growth potential associated with this acquisition. The funding secured by Business Capital, allowed to client to make this purchase and acquire additional service offerings and professional expertise and facilitate the company’s strategy to expand the benefits of integrated care to physicians across the country.