Daily News: April 27, 2015

Fifth Third Triples Hygea Credit Line

Hygea Holdings announced it tripled its existing revolving line of credit with Fifth Third Bank, from $5 to $15 million.

“This new credit arrangement provides Hygea with the liquidity and financial flexibility we need to continue its expansion efforts,” said Manuel Iglesias, CEO for Hygea Holdings. “Fifth Third Bank has been a trusted partner and we appreciate their confidence in our ability to rapidly expand our acquisitions of new medical practices and physician networks.”

Hygea is a diversified healthcare holding company led by a team of nationally recognized industry leaders with backgrounds in insurance, finance, medicine, law and technology.