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Triumph Healthcare Provides $20MM ABL to Creative Solutions in Healthcare

February 12, 2016, 07:30 AM

Triumph Healthcare Finance, a provider of asset based lending solutions for small to mid-sized healthcare companies nationwide, announced it will provide Creative Solutions in Healthcare with a $20 million asset-based working capital facility to support the company’s liquidity needs. 

Based in Fort Worth, Texas, Creative Solutions in Healthcare owns and operates 49 skilled nursing and seven assisted living facilities throughout the state of Texas. 

“We are excited about our new relationship with Triumph Healthcare Finance,” Gary Blake, CEO of Creative Solutions in Healthcare, said. “The due diligence process was handled in a timely, orderly nature and the daily administration of our line of credit is conducted with the utmost professionalism.  It has been a pleasure working with the entire Triumph team.”

“It has been great working with Gary Blake, Brad Oldham and the entire team at Creative Solutions in Healthcare,” Jennifer Sheasgreen, president of Triumph Healthcare Finance, said. “We are pleased that we were able to accommodate their working capital needs and we are excited about strengthening our relationship in the future.”

Triumph Healthcare Finance, a division of TBK Bank, SSB, specializes in helping smaller middle-market healthcare companies and other service providers that would benefit from revolving lines of credit secured by insurance, government or contract accounts receivable. Funds may be used for a variety of purposes, including turnarounds, restructurings, M&A financing or general working capital.

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