Avidbank Specialty Finance, a division of Avidbank specializing in technology and asset-based lending, provided Auxilio with $14 million in acquisition financing and renewed an existing line of credit.

Auxilio, based in Mission Viejo, CA, is a provider of complete document workflow solutions and IT security services for the healthcare industry across the U.S.

“With Avidbank as a trusted partner, Auxilio was able to expand our reach in healthcare IT security with the acquisition of CynergisTek, putting us in an immediate leadership position in that category,” said Joe Flynn, CEO of Auxilio.

“We are pleased to assist Auxilio with their growth and to support them as they expand their market leadership. Our ongoing and mutually beneficial relationship with Auxilio is a prime example of our ability to advance our clients’ success on a long-term basis,” said Jon Krogstad, senior vice president of Avidbank Specialty Finance.