The healthcare asset-based lending sector owes a great deal of thanks to Jennifer Sheasgreen for the role she has played in expanding what was once a niche product into a more mainstream lending solution.
Siena Healthcare Finance closed a $15 million working capital facility for Michigan-based Optalis Health & Rehabilitation. Siena provided the line of credit for Optalis’ acquisition of a new SNF group.
Siena Healthcare Finance hired Brendan Tully as a business development officer based in New York City. Most recently, Tully worked as an associate for Deutsche Bank’s global healthcare coverage group.
Siena Healthcare Finance closed a $20 million working capital facility for an Ohio-based chain of skilled nursing facilities. Siena refinanced the line of credit from a large commercial bank.
Siena Healthcare Finance added Ashley Nelson as vice president, Western region business development officer. In her new role, Nelson will be responsible for leading new healthcare originations in the Western United States.
Siena Lending Group promoted longtime team members Scott Elliotto and Jason Schick, who will play key roles in helping the company build on the success of its healthcare finance division.
Siena Healthcare Finance closed a $10 million working capital facility for a California-based chain of skilled nursing facilities.
Siena Lending Group closed two deals with a combined value of $110 million to companies in the mobile accessories and media services market in Q3/21. In addition, Siena Healthcare Finance closed a $12 million deal with a pharmaceuticals company during the quarter.
Siena Healthcare Finance hired Dan Whitwer as managing director and chief risk officer. Prior to joining the Siena Healthcare team, he served in senior executive positions at both Wells Fargo Capital Finance and Wells Fargo Healthcare Finance.
Siena Healthcare Finance provided a $12 million working capital facility for a private equity-backed, multi-state provider of specialty pharmaceutical, infusion and nutritional therapy services for patients with chronic illnesses and health issues.