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Article: ATEL Ventures Commits $3 Million to Millennium Pharmacy Services.
- Article from:
- Biotech Week
- Article date:
- April 22, 2009
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ATEL Ventures, a provider of secured financing to emerging growth companies, has committed to lend $3 million to Millennium Pharmacy Services (MPS), a leader in long-term care institutional pharmacy services. MPS will use the financing to leverage fixed asset investment utilized to expand into new markets and support existing customers (see also ATEL Ventures, Inc.).
"Inc. Magazine ranked MPS as one of its 500 Fastest-Growing Companies in the US due to its explosive revenue growth of 967.6% since 2004," said Steve Rea, Executive Vice President, ATEL Ventures. "ATEL is thrilled to work with MPS in crafting long-term financing that will help the company best ...