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Change Capital Provides $1.85MM Bridge Financing to Premier Urgent Care

October 17, 2018, 07:00 AM
Filed Under: Healthcare

Change Capital, a commercial financing provider headquartered in New York, announced that it has provided a total of $1.85 million in funding to Premier Urgent Care, a healthcare provider based in Philadelphia with 19 locations throughout Southeastern Pennsylvania. 
Change Capital’s financing has been leveraged to help the company grow out its geographical footprint, with the latest tranches serving to bridge to the recently-announced acquisition of the company by Tower Health.

Tower Health will acquire Premier's nineteen urgent care locations that will expand Tower Health's network of urgent care facilities throughout its service area. When the transaction closes later this fall, Tower Health will become the largest provider of Urgent Care Services, based on weekly visits, in the Philadelphia region.

The 19 sites are located primarily in Tower Health's southeast service area, including Chester, Montgomery and Bucks County, with one location in Berks County and one in Delaware.

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