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Article: Siemens Financial Services, Inc. Provides $29.5 Million Credit Package to Avanti Health System.
- Article from:
- PR Newswire
- Article date:
- April 6, 2009
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Deal supports Financing of Healthcare acquisitions in California
ISELIN, N.J., April 6 /PRNewswire-FirstCall/ -- Siemens Financial Services, Inc. ("SFS") announced today that it has provided a $29,500,000 credit facility to the Avanti Health System, LLC ("Avanti") and Asset Funding Group, LLC ("AFG") to fund hospital acquisitions in California. The five-year senior credit facility consists of a revolving line of credit and term loan.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGO )
The loan package facilitated the purchase of HealthPlus Holdings, LLC ("HealthPlus"). HealthPlus owns and operates Memorial Hospital of Gardena and ...