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.
CNH Finance expanded its national commercial healthcare lending capabilities with the acquisition of Triumph Healthcare Finance, a division of TBK Bank.
Triumph Healthcare Finance, a division of TBK Bank, hired Susan Baker as vice president of underwriting. Baker has previously served with Cascade Credit Services, Pacific Continental Bank, US Bank and Bank of America.
Doral Healthcare Finance announced it has provided an amended credit facility for an existing client with an increase in commitment to $15 million.
Back in the spring of 2008, ABF Journal checked the pulse of the healthcare market and learned that lenders were optimistic. The real estate market was sinking, financial institutions were reining in lending, and government reimbursements were less than predictable, yet the outlook for healthcare seemed bright. Baby Boomers were aging, and people were living longer and requiring more services. Was this sector recession-proof? How did the economic downturn affect the industry, and where does it stand in 2011? Here, we examine the sector’s pressure points.