Siena Healthcare Finance provided a $12 million working capital facility to a California-based transportation company that provides non-emergency medical transportation.
Siena Healthcare Finance led a $35 million asset-based line of credit for a New York-based home health company, which will use the line to support acquisitions and provide working capital for ongoing operations and growth initiatives.
Siena Healthcare Finance added Nicholas (Niko) Tsitsos as a director of business development, covering the western U.S. Tsitsos most recently served as vice president of healthcare finance loan originations at Wells Fargo.
Siena Lending Group has launched Siena Healthcare Finance to provide a broad range of asset-based lending solutions for small to mid-sized healthcare companies. Jennifer Sheascreen and Edward Kauffman will lead the new team.