Daily News: July 1, 2013

CT Capital Closes $1.5MM A/R Line for First Choice Healthcare

First Choice Healthcare Solutions announced that its subsidiary, First Choice Medical Group, (FCMG) secured a $1.5 million A/R line of credit from CT Capital.

First Choice Healthcare Solutions also satisfied over $400,000 of short-term debt obligations helping to improve the company’s financial condition and positioning the company to attract future capital supporting greater growth in the company’s medical division, FCMG.

“This line of credit further strengthens our financial statements, providing additional funding for continued expansion and innovation, while strengthening our cash position as we pursue our goal of adding additional surgeons to our Center of Excellence in Melbourne Florida,” stated Chris Romandetti, CEO of First Choice Healthcare Solutions.

First Choice Healthcare Solutions develops and acquires multi-specialty medical centers.