HFG Underwrites $4MM Facility for Corinth Investor Holdings
Healthcare Finance Group (HFG) has underwritten a $4 million senior secured credit facility for Corinth Investor Holdings.
Corinth began operations in 2007 and moved into the Atrium Medical Center facility in 2008. In January 2011, an affiliate of Medical Properties Trust and the owners of Vibra Healthcare acquired a majority ownership in Corinth.
Atrium is a 60-bed LTACH with services that include radiology, CT scanning, MRIs, cardiology, therapy (physical, occupational and speech), rehab, social services, lab services and certain surgeries.
Clint Fegan, chief financial officer of Vibra, commented, “We are pleased to close on this financing with HFG that will enable Corinth to continue its growth. HFG understands the LTACH sector as well as industry trends, and the surrounding issues that accompany medically complex patients that require a longer recovery time.”
Steven Goldsmith, senior vice president of HFG said, “This is a very specialized company that is well-positioned now for growth in patient volume and services. Our senior debt facility will assist and provide additional resources to support their objectives.”