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 cash-flow lending." 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 diagnostics. *$18.0 million in Debtor-in-Possession financing to support the restructuring of KidsPeace Corporation, a leading pediatric behavioral healthcare company. 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 212-785-8508, firstname.lastname@example.org
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Healthcare Finance Group, LLC Announces Strong June Originations and Positions for the Future
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