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Opus Bank’s Healthcare Banking Division Surpasses $500MM in Capital Funding

June 15, 2016, 07:32 AM
Filed Under: Healthcare

Opus Bank announced that its Healthcare Banking division has funded over $500 million in loans on commitments of over $550 million to healthcare providers and practitioners since the division’s formation in May 2013.
Donika Schnell, Senior Managing Director, Healthcare Banking, stated “Achieving over a half a billion dollars of loan fundings within three years is a tremendous accomplishment, of which my team and I are very proud. Having launched the division in 2013, we’ve grown it from just an idea to now a nationwide team of Healthcare Banking experts at every level throughout the division. Our team is keenly committed to backing those healthcare providers, practices, and businesses looking for a financial partner who truly understands their business and related challenges.” Schnell concluded, “We’re particularly pleased with the reception we’re receiving in the market and the momentum of our growth, with nearly half of the $500 million representing transactions that we’ve funded in the past 12 months.”

Opus’ Healthcare Banking division focuses on providing relationship-based senior debt financing and customized banking solutions to meet the particular needs of healthcare practices, providers, professionals, and sponsors. Opus’ Healthcare Banking financing programs focus on cash flow loans for acquisitions and refinancing, asset-based healthcare loans, healthcare-related real estate debt financing, working capital lines of credit, bridge loans, and syndication of multi-lender facilities.

Stephen H. Gordon, Founding Chairman, Chief Executive Officer, and President of Opus Bank, stated, “We’re proud of reaching this milestone so early in our maturation. Opus’ Healthcare Banking division’s solutions-based approach, delivered by Healthcare industry experts, resonates with clients. As a result, Opus has filled a void in the market, making Opus a leading “go to” bank in the healthcare sector.” Gordon concluded, “Opus’ approach of teaming industry specific experts, both in banking and credit, clearly separates Opus from a banking industry that has trended toward leading with transaction-based generalists.”

Opus’ Healthcare finance team provides senior debt financing and banking solutions to hospitals, skilled nursing facilities, behavioral health, hospice centers, memory care, home health agencies, outpatient care centers, healthcare systems, medical technology companies, laboratories, pharmaceutical companies, healthcare-related manufacturing companies, and service providers to those in the healthcare industry. Opus’ Healthcare practice finance team provides senior debt financing and banking solutions to dental, medical, veterinary, and ophthalmology healthcare professionals and group practices for practice acquisitions and expansions, partner buy-ins and buy-outs, equipment financing, refinancings, and facilities acquisitions, improvements, and renovations.

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