Leading not-for-profit regional medical center based in Meridian, MS.
National specialty lender of senior debt financing solutions dedicated exclusively to middle-market companies in the healthcare industry.
Anderson had undergone significant changes and brought in an interim CFO to assist with managing its financial performance and liquidity position.
Recent acquisitions and delays in transitioning provider number negatively impacted liquidity.
HIS upgrade in late 2012 temporarily interrupted billing, creating some short-term liquidity issues.
New and interim management team needed an advisor to assist in obtaining a line of credit.
Advised Company to conduct a broad process to identify and partner with a new senior lender to refinance and expand its credit facility.
Assisted management in preparing a confidential memorandum and pro-forma analysis that more accurately reflected normal steady state operations.
Anderson completed a senior debt refinancing led by HFG.
Anderson refinanced existing indebtedness as part of the transaction.
"This financing from HFG will enable Anderson to continue to serve the Eastern Mississippi/Western Alabama region as its largest healthcare provider. We were pleased to work with Brentwood Capital who positioned Anderson with lenders and structured a competitive process that resulted in the right partner in Healthcare Finance Group."
CEO, Anderson Regional Medical Center