Siena Lending Group closed two deals with a combined value of $110 million to companies in the mobile accessories and media services market in Q3/21. In addition, Siena Healthcare Finance closed a $12 million deal with a pharmaceuticals company during the quarter.
Siena Healthcare Finance hired Dan Whitwer as managing director and chief risk officer. Prior to joining the Siena Healthcare team, he served in senior executive positions at both Wells Fargo Capital Finance and Wells Fargo Healthcare Finance.
Siena Healthcare Finance provided a $12 million working capital facility for a private equity-backed, multi-state provider of specialty pharmaceutical, infusion and nutritional therapy services for patients with chronic illnesses and health issues.
Siena Lending Group delivered $205 million across eight deals and Siena Healthcare Finance delivered $16.5 million across two deals in Q2/21.
Siena Healthcare Finance provided a $12 million working capital facility to a California-based transportation company that provides non-emergency medical transportation.
Siena Lending Group closed three deals with an aggregate value of $45 million in Q1/21. In addition, Siena Healthcare Finance completed a $35 million deal with a New York-based home health company during the quarter.
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 Lending Group and Siena Healthcare Finance closed 10 facilities aggregating $135 million in Q4/20, with 25 transactions totaling more than $285 million completed in 2020 overall.
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 Healthcare Finance provided a $15 million asset-based line of credit to a skilled nursing operator based in California.