SLR Healthcare ABL (“SLRHC”) provided a $15 million asset-based revolving credit facility to the longest running, owner-operated ambulance service in the Pacific Northwest. The Company started as a basic first aid operation in the 1950s by the current owner’s father but over time transitioned to the full-service interfacility and critical care healthcare transportation business that it is today with over fifty locations across three states.
Proceeds of the credit facility were used to refinance an existing bank revolving credit facility and provide additional working capital for operations.