Siena Lending Group closed a $10 million credit facility with Townsen Memorial Health System (TMH), a Houston-based network of multi-specialty healthcare facilities including hospital, surgical and imaging centers. The new credit facility will be used to support TMH’s working capital needs and the continued growth of the company.
“TMH is excited to partner with Siena,” Kenneth Le, CEO of TMH, said. “Their team was swift in the execution of this new revolving line of credit, which will allow us to accomplish our strategic goals more quickly. In Siena we found a team that understands our vision for the business and look forward to working with them as we continue to bring important care to our patients in Houston.”
“We are thrilled to serve TMH as a capital partner in this transaction,” Brendan Tully, vice president and lead healthcare originator of Siena, said. “Dr. Le and his team have built an impressive platform that provides critical health services to the greater Houston population. We are excited to work with the talented team at TMH and to support the company’s continued expansion in this growing region.”
“We look forward to supporting TMH as they continue to open new facilities and provide innovative patient care to those they serve,” Scott Elliotto, president of Siena, said.
