Essent Healthcare gets $75 million credit facility

By Sara Rosenberg

New York, Jan. 9 - Essent Healthcare Inc. closed on a $75 million credit facility provided by GMAC-RFC Health Capital, the lender said.

The facility consists of a $20 million revolver and a $55 million term loan.

Proceeds were used to fund the acquisition of a multi-campus hospital in Paris, Texas, serving northeast Texas and southeast Oklahoma.

"The financing we provided for this acquisition was instrumental to Essent Healthcare in achieving their growth objectives. This hospital acquisition doubles the size of the company and partners us with a provider that's becoming a dominant player in the hospital management sector," said Rossi Felix, managing director of GMAC-RFC Health Capital, in a company news release.

"We are committed to further establishing ourselves as a leading provider of capital to the U.S. healthcare market and have the resources to develop and support the capital solutions the companies need," he added.

Essent Healthcare is a Nashville, Tenn., healthcare company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.