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Opus Bank Expands Healthcare Banking Team

August 16, 2016, 07:17 AM

Opus Bank announced Michael Kinnick has joined Opus as Managing Director, Healthcare Banking. Kinnick, an 11-year banking and finance veteran, is responsible for providing senior debt financing and banking solutions to hospitals, skilled nursing facilities, behavioral health centers, hospice centers, memory care facilities, home health agencies, outpatient care centers, healthcare systems, medical technology companies, laboratories, pharmaceutical companies, healthcare-related manufacturing companies, and service providers to those in the healthcare industry.

Donika Schnell, Head of Opus Bank’s Healthcare Banking division, stated, “We are excited to welcome Michael to the team. He is a seasoned banking professional who brings a wealth of knowledge and a unique understanding of the healthcare sector.” Schnell continued, “We anticipate that his contributions will be immediately impactful as we further expand Opus’ national Healthcare Banking team, leveraging Michael’s experience in the South and Midwest and executing on the long-term plan to strategically grow Opus to be viewed as the go-to bank for healthcare professionals, providers, practices, and sponsors seeking tailored banking products, services, and solutions.”

Kinnick joins Opus Bank most recently from Regions Bank, where he served as Vice President – Relationship Manager in the Healthcare Banking Group and focused on healthcare provider clients across the South and Midwest. From 2009 to 2010, Kinnick served as a Commercial Loan Review Specialist at the FDIC.

Opus’ Healthcare Banking division focuses on providing relationship-based financing and customized banking solutions to meet the particular needs of healthcare providers, practices, professionals, and sponsors. Opus’ Healthcare Banking financing programs focus on cash flow loans for acquisitions and refinancing, asset-based healthcare loans, healthcare-related real estate debt financing, working capital lines of credit, bridge loans, and syndication of multi-lender facilities.

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