Daily News: July 11, 2012

Kernan Joins Healthcare Finance Group as SVP, BDO, Los Angeles

Healthcare Finance Group, LLC (HFG) announced that Joseph Kernan has joined the firm as a senior vice president and business development officer based in Los Angeles, CA.

Kernan will work with healthcare industry businesses, investment banks and private equity investors while focusing on originations of senior debt credit facilities in the middle market healthcare space. His efforts will be part of HFG’s continuing sales and marketing initiatives as it grows to meet the increasing financial demands of the healthcare industry.

Kernan was previously a director at Gemino Healthcare Finance where he opened its Los Angeles offices in 2007 and focused on originating healthcare transactions across the middle-market. Earlier in his career, Kernan worked at Meridian Healthcare Finance, Healthcare Business Credit Corporation (HBCC) and Citigroup.

He is a member of the Commercial Finance Association & Association of Corporate Growth and Turnaround Management Association.

Commenting on Kernan’s decision to join HFG, Dan Chapa, president, said “We are very excited to have Joe on our team. Joe is an excellent addition to our new business effort. His knowledge of the California healthcare finance market will have a significant impact on HFG’s growth on the west coast. We are confident that he will have an immediate positive impact on our presence and client service in his region.”

HFG is a specialty lender dedicated exclusively to providing secured debt financing to healthcare companies.