Daily News: December 23, 2014

Fifth Third Provides Hygea Credit Line


Hygea Holdings announced it signed a multimillion dollar line of credit with Fifth Third Bank. The line of credit, currently up to $5 million, will serve as working capital to fund Hygea’s continued expansion into new markets and increase the volume of physician practices that the firm may acquire.

“We are pleased to enter this strategic relationship with Hygea Holdings. We are confident that our financing will help Hygea to accelerate the positive momentum they are already achieving. We look forward to expanding our relationship with Hygea to support its further growth and development”

“The line of credit extended by Fifth Third Bank is a testament to how Hygea is on the right track for accelerated growth,” said Manuel Iglesias, president and CEO of Hygea Holdings. “Having financial support from a brand like Fifth Third allows us to affirm the strength of our business model as we continue expanding into new markets.”

“We are pleased to enter this strategic relationship with Hygea Holdings. We are confident that our financing will help Hygea to accelerate the positive momentum they are already achieving. We look forward to expanding our relationship with Hygea to support its further growth and development,” added Jim Craig, VP of Fifth Third Bank.

Hygea is a diversified healthcare holding company.