Lucid Medical Management, through its wholly-owned subsidiary Exclusive Provider Network, secured a $30 million asset-based loan from Digital Lending Services. FocalPoint Partners served as exclusive investment banker to Lucid Medical.
Houston-based Lucid Medical is an injury management organization managing end-to-end health care for personal injury, self-insured Workers’ Compensation and U.S. Veteran patients.
“James (Castro) skillfully maneuvered Lucid Medical and all our affiliated companies through hundreds of possibilities and found the correct fit, therein funding our growth at the lowest cost of capital with no equity dilution. Despite all the challenges, FocalPoint did what no one else could,” said Shawn De La Garza, Lucid Medical founder and CEO.
Based in Chicago and Los Angeles, FocalPoint is an independent investment bank specializing in mergers and acquisitions, private placements, financial restructurings and special situation transactions.
