Doral Healthcare Finance Provides $3.0 Million Financing to Recovery Home Care
(firmenpresse) - PORTLAND, OR -- (Marketwire) -- 12/28/11 -- Doral Healthcare Finance ("DHF") today announced it has provided a three year $3.0 million revolving line of credit to Recovery Home Care ("RHC"). Proceeds from the transaction will be used for general growth and to pay off existing debt.
"We are extremely pleased to provide this line of credit to RHC. The Company is well positioned to capitalize on their growth plans in the home care industry and we're glad we can provide them with the financing they need to support their initiatives," said Jennifer Sheasgreen, DHF Managing Director.
"Recovery Home Care is excited about its strategic partnership with Doral. Now that we have a strong capital partner we are in a better position to accelerate our organic growth and expand into new markets," said Mark Conklin, Recovery Home Care CEO.
Doral Healthcare Finance ("DHF") is a division of Doral Money, Inc. engaged in providing an asset-based lending, working capital lines of credit to providers of goods and services in the healthcare industry nationwide, including hospitals, home healthcare agencies and long-term care facilities with financing needs from one million to $20 million. DHF serves clients from their offices in Portland, Oregon. For more information on DHF services, please visit or contact (855) 277-7895.
Recovery Home Care is a Florida based home health care provider that operates multiple branches throughout the state. Over the last several years we have invested heavily into infrastructure development and mobile technology. Through the use of point of care devices, Telehealth monitoring, and a centralized communication hub we are able to efficiently deliver services to both the Medicare and private duty markets. Our goal is to increase the value of the interaction between the client and caregiver, thus reducing utilization while improving outcomes.
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Datum: 28.12.2011 - 22:22 Uhr
Sprache: Deutsch
News-ID 100117
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PORTLAND, OR
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Commercial & Investment Banking
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