Bastion Management, a private investment firm focused on asset-based lending in the specialty finance sector, agented a senior debt investment of $35 million with accordions up to $60 million in Healthcare Finance Direct to refinance an existing senior lender and fund future growth of the company’s healthcare-focused consumer lending profile.
Healthcare Finance Direct is a financing platform for elective healthcare procedures, allowing providers to approve nearly 100% of patients that apply. Healthcare Finance Direct works with a network of more than 2,500 providers to offer patients across the credit spectrum pay-over-time options.
“We are grateful for Bastion’s support of our work to advance opportunities in the healthcare consumer lending space,” Tyler Johnson, CEO of Healthcare Finance Direct, said. “This line of credit not only fuels our ongoing expansion but also reinforces our commitment to providing accessible, inclusive and affordable healthcare financing solutions for all.”
“We are thrilled to forge a transformative partnership with HFD, and through this facility, support Tyler and the management team in their efforts to help underserved patients with financing for their healthcare needs,” Jay Braden, CEO of Bastion Management, said.
