Daily News: January 23, 2013

Wells Fargo Provides $24.8MM Financing for Centerstone Linen

Wells Fargo said it provided $24.8 million in senior debt financing for Centerstone Linen Services, which owns and operates healthcare textile plants in New York, Pennsylvania, Ohio, Maryland, West Virginia, North Carolina and Tennessee through its two subsidiaries, Atlas and Alliance Healthcare Linen Services.

Wells Fargo’s new credit facilities provide capital funds for Centerstone’s continued growth.

“We are thrilled to be working with CLS and their new management team,” said Wayne Keller, senior vice president, Wells Fargo Buffalo Regional Commercial Banking Office. “CLS has set high standards in the healthcare services industry and is a great example of the kind of high quality companies that Wells Fargo is proud to serve.”

Centerstone Linen Services provides linen services to hospitals, medical clinics and outpatient facilities throughout the East Coast. A closely held company, Centerstone employs more than 750 people who serve over 600 customers.