Healthcare

Target companies are healthcare providers such as:

• Hospitals
• Nursing homes
• Physician groups
• Skilled nursing operators
• Imaging centers
• Home health companies
• Outpatient clinics

Companies that serve healthcare such as:

• Manufacturers and distributors
• Temporary staffing firms
• Institutional pharmacy companies

With:

• Annual revenues of $5 million and up
• Eligible accounts receivable of $1 million and up
  (Medicare, Medicaid and third party receivables are eligible)

Potential Uses:

• Working capital
• Growth capital
• Acquisition financing
• Debt refinancing or restructuring
• Turnaround financing

Revolving lines of credit parameters:

• Size – $1-100 million
• Pricing – Competitive rates and fees based on risk
• Advance rates – Up to 85% of eligible accounts receivable
• Advance rates – Up to 50% of eligible inventory
• Term – 24-60 months, most often 36 months

Term financing parameters:

• Collateral – equipment and real estate
• Advance rates – up to 75% LTV on real estate
• Term – up to 7 years
• Amortization schedules – up to 25 years

Information needed to review a transaction:

• Prior 3 year-end financial statements
• Current and prior year interim financial statements
• Accounts receivable aging, by payor type
• Accounts payable aging
• Inventory list (if applicable)
• Last 12 months billings and collections