Healthcare Finance Group, LLC Announces Strong June Originations and Positions
for the Future
NEW YORK, July 1, 2013 (GLOBE NEWSWIRE) -- Healthcare Finance Group, LLC
("HFG") today announced that it provided three separate secured debt
facilities in June 2013 and continues to attract a number of financing
requests due to its long-standing expertise in the healthcare industry. The
firm, which was recently acquired by Fifth Street Finance Corp. ("Fifth
Street"), now seeks to expand its platform with a more comprehensive suite of
financing solutions to better serve its clients.
"HFG has all the critical success factors in place to facilitate expansion,"
noted Ivelin Dimitrov, Fifth Street's Chief Investment Officer and HFG's
Chairman of the Board, adding, "It also has a widely-respected team at the
helm who inspire confidence with their deep understanding of the distinct
challenges that middle market healthcare companies face."
HFG's senior management team hasan average ofover 20 years of healthcare
finance or related industry experience. The company is now actively recruiting
additional talent with expertise in portfolio management, underwriting and
originations to help capitalize on the myriad of opportunities in this complex
and ever-changing industry.
"As a healthcare finance specialist, we are very excited about the tremendous
opportunities for growth we are seeing right now. Some of the uncertainty
around ObamaCare has lifted, which is likely to fuel greater demand for senior
debt capital for both investment and consolidation purposes," said Dan Chapa,
HFG's Chief Executive Officer, adding, "Fifth Street's acquisition of HFG
could not have come at a better time. Looking ahead to the next 3-5 years, we
anticipate extraordinary growth in our business—especially with additional
capital from Fifth Street to expand our capabilities in term debt and
HFG's transactions completed in June 2013 include the following:
*$15.0 million revolving line of credit to support the ongoing operations
of InterDent, Inc., a leading dental practice support organization.
*$8.0 million senior secured revolving credit facility for working capital
and growth purposes to support Enzo Biochem, Inc., a pioneer in molecular
*$18.0 million in Debtor-in-Possession financing to support the
restructuring of KidsPeace Corporation, a leading pediatric behavioral
About Healthcare Finance Group, LLC
HFG is a specialty lender dedicated exclusively to providing secured debt
financing to healthcare companies. HFG strives to custom-tailor its products
to meet the specific needs of its clients. HFG is headquartered in New York
City and has business offices throughout the U.S.
CONTACT: Claudia Gourdon, SVP National Marketing Manager
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