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.
Siena Lending Group completed two deals for an aggregate amount of $25 million in Q2/20, while Siena Healthcare Finance delivered two deals for an aggregate amount of $20 million in the quarter.
Siena Lending Group and Siena Healthcare Finance combined to provide $63 million in new facilities during Q1/20.
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.