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Siena Healthcare Finance Closes $35MM Working Capital Facility for NY Home Health Company

April 19, 2021, 07:20 AM
Filed Under: Healthcare

Siena Healthcare Finance recently led a $35MM asset-based line of credit for a home health company based in NY. The line will be used to support acquisitions and provide working capital for ongoing operations and growth initiatives.

The Company serves over 7,000 clients and provides care to people in their homes or communities, including personal care and companionship, skilled nursing, post-op care, pediatric care, specialized care, and therapy care in the five boroughs of NYC.

“We are very excited to provide the financing structure that was important to the Company. This line of credit will help to support their current business and accommodate growth initiatives. We look forward to a long-lasting relationship with the Company, management team and owners,” said Ed Kauffman, Managing Director of Siena Healthcare Finance.

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