Marquette Commercial Finance, a subsidiary of UMB Financial, completed new financing with a digital health firm. KCP Advisory Group assisted in designing the funding solution for the company.
“The management team has been focused on restructuring their company to position themselves to meet the requirements of their diverse customer base,” said Paul Valentine of KCP Advisory Group.
The digital health company provides comprehensive digital strategies to a number of Fortune 500 companies in the healthcare industry. This new financing will allow the company to refinance previous debt and provide it the necessary working capital to meet growing customer demand. The size of the transaction totals nearly $2 million.
“It was critical for Marquette to underwrite the request quickly, which provided our client with much needed working capital to support the complexities involved in the design and delivery of their customer specific solutions,” said DiAne Reed, executive vice president/director of national sales at Marquette. “Our financing will allow our new client to enter its next phase of growth and further expand in the dynamic and ever-changing healthcare industry as well as adjacent verticals.”
