Daily News: April 24, 2013

BofI Federal Bank Launches Healthcare Finance Unit

BofI Holding, parent of BofI Federal Bank, announced the addition of a HealthCare Finance specialty in its Commercial & Industrial lending division. BofI’s specialized healthcare lending platform focuses on providing financing solutions to lower and middle market healthcare providers with financing needs ranging from $1 million to $30 million.

BofI’s healthcare finance team offers a comprehensive suite of asset-backed financing as well as real estate, equipment and inventory financing to healthcare companies throughout the U.S.

BofI’s healthcare financing efforts are led by James Irwin, Jr., the founder and president of MC Healthcare Finance and Meridian Healthcare Finance.

BofI HealthCare Finance provides financing to all segments of the healthcare industry including hospitals, skilled nursing facilities, behavioral health, home health, pharmaceutical laboratories, senior housing, hospice, Long Term Acute Care facilities and others. BofI HealthCare Finance is based in San Diego, California.

“Significant changes are impacting the healthcare industry at a time when capital available to lower middle and middle market healthcare companies has become less widely available. I am pleased to be part of a large, well-capitalized, national bank dedicated to serving the healthcare marketplace,” said James Irwin about his new role as senior vice president and head of HealthCare Finance at BofI Federal Bank.