Daily News: February 12, 2013

Square 1 Bank Provides Credit Facility to Hospitalists Now


Square 1 Bank provided a $2.5 million credit facility to Austin-based Hospitalists Now, a hospital management company that provides customized solutions to improve clinical and operational outcomes in hospitals and private medical practices. Proceeds of the facility will be used to provide working capital and support growth.

“We are excited to partner with Hospitalists Now and look forward to supporting their growth as they take their business to the next level,” David McLaughlin, SVP in Square 1’s Austin office, said. “We are very impressed with the company’s management team, and the products and services they offer to hospitals and private practices.”

Square 1 Bank is a full service commercial bank serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion.

Hospitalists Now is a technology-based healthcare services company that delivers full-service hospitalist programs.