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Capital One Provides $30MM Credit Facility to University Health System

July 01, 2016, 07:44 AM
Filed Under: Healthcare

Capital One announced it has provided a $30 million senior secured revolving credit facility to University Health System, the clinical partner for the LSU Health Shreveport School of Medicine and operator of two hospitals in Shreveport and Conway, Louisiana.  Both are safety net hospitals providing healthcare to the general community.  University Health System is owned by BRF Hospital Holdings LLC. 

“This transaction–which closed just a few weeks after our initial meeting with University Health System’s management–demonstrates Capital One’s deep knowledge of the current healthcare environment, as well as our ability to tailor our financing to a specific customer need,” said Al Aria, Senior Managing Director, Capital One Healthcare. 

“Like other hospital systems that serve the community, University Health Systems relies on government funding programs that operate on a complex schedule,” said Richard Cascio, University Health System’s interim Chief Executive Officer.  “The Capital One team moved quickly to provide a flexible funding system that allows us to smooth out our monthly cash flows.” 

Capital One Healthcare is a leading provider of financial services to the industry with over $11 billion in total outstanding balances.

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