Restora Healthcare announced it filed for Chapter 11 protection to recapitalize and reorganize its business. Healthcare Finance Group will continue its support of Restora with court-approved funding.
Best of All Worlds for HFG… Fifth Street Acquisition Brings Access to Capital, Continued Independence.
ABF Journal contributor Lisa Miller caught up with Dan Chapa, CEO of Healthcare Finance Group, to discuss the company’s recent acquisition by Fifth Street Finance and what it will mean in terms of future growth now that HFG has the added advantage of being affiliated with a public company that has access to capital.
Healthcare Finance Group provided a $15 million revolver to InterDent, a provider practice management services to affiliated multi-specialty group dental practices. Proceeds provide capital for ongoing operations.
Healthcare Finance Group provided $18 million in debtor-in-possession financing to KidsPeace Corporation, which filed a voluntary petition for reorganization under Chapter 11 on May 21, 2013.
Healthcare Finance Group provided a $15 million senior secured revolving line of credit to Premier Research, a contract research organization providing clinical development services to biotech, pharmaceutical and medical device companies.