Daily News: March 8, 2012

Doral Healthcare Finance Provides $5MM to Three Companies


Doral Healthcare Finance said it has provided $5 million in asset-based working capital facilities to three healthcare companies:

  • $3 million to a company that provides physician services and comprehensive care coordination to patients in senior retirement communities, independent living facilities and assisted living facilities in the Chicago metropolitan area, northwest Indiana, Baltimore, MD and Northeast Washington, D.C.

  • $1 million provided to a closed-door pharmacy that provides prescription medications to long-term care facilities in the eastern Pennsylvania area.

  • $1 million line of credit with an inventory component provided to a company that provides home medical equipment and pharmaceuticals to residents of short-term rehabilitation facilities within Arizona.