|
By
PRWEB
(http://pdfserver.prweb.com/pdfdownload/158232/pr.pdf) Download
this press release as an Adobe PDF document. (http://pdfserver.prweb.com/
pdfdownload/158232/pr.pdf>Download)
Bridge Healthcare Finance announced the completion of funding to Radnet
Management, Inc., a wholly owned subsidiary of Primedex Health Systems, Inc.,
one of the nations leading medical diagnostic imaging companies.
Chicago, IL (PRWEB) September 16, 2004 -- Bridge Healthcare Finance announced
the completion of funding to Radnet Management, Inc., a wholly owned
subsidiary of Primedex Health Systems, Inc., one of the nations leading
medical diagnostic imaging companies. Bridge Healthcare Finance partnered
with Wells Fargo Foothill, part of Wells Fargo & Company (NYSE: WFC), to
close the $20 Million revolving line of credit.
Mark Stolper, Chief Financial Officer of Radnet, said, "We are very pleased to
begin our relationship with Bridge Healthcare Finance and Wells Fargo
Foothill. The entrepreneurial spirit and broad capabilities of both
institutions should further help us to achieve our future business objectives."
"We are thrilled to help lead the due diligence and servicing of the facility"
comments Randy Abrahams, President and CEO of Bridge Healthcare Finance.
"Wells Fargo Foothill is a world class lender with a growing position in
health care and we are pleased to partner with them in this transaction."
"Healthcare is just one of the underserved industries to which our Specialty
Finance unit is dedicated," said Michael Lang, Senior Vice President with
Wells Fargo Foothill Specialty Finance. "Partnering with Bridge in this
transaction allowed us to combine their expertise in healthcare finance with
our own and provide a customized facility that fit Radnet`s needs."
The Radnet facility further validates Bridge as an active participant in the
healthcare finance arena and validates expertise in diagnostic imaging.
About Bridge Healthcare Finance
Bridge Healthcare Finance offers a combination of comprehensive loan products,
decades of financial expertise and an unparalleled service approach unique to
the healthcare lending industry. Through accounts receivable, cash flow and
real estate based term loan lending products, Bridge is able to address the
differing capital needs of the healthcare industry. Loan amounts start at
$500,000 – for more information visit Bridge Healthcare Finance at www.
bridgehcf.com (http://www.bridgehcf.com).
About Wells Fargo Foothill
Wells Fargo Foothill is a leading provider of senior secured financing to
middle-market companies across the United States and Canada. It is part of
Wells Fargo & Company, a diversified financial services company with $420
billion in assets, providing banking, insurance, investments, mortgage and
consumer finance to more than 23 million customers from more than 6,000
stores and the Internet (wellsfargo.com) across North America and elsewhere
internationally. Wells Fargo Bank, N.A. is the only "Aaa-rated" bank in the
United States. For More information visit Wells Fargo Foothill on the
Internet at wffoothill.com.
About Radnet Management, Inc (A Primedex Health Systems, Inc. Company)
Founded in 1980, RadNet Management, Inc., the primary operating division of
Primedex Health Systems, Inc., is the California market leader in providing
high-quality, cost-effective diagnostic imaging services through a statewide
network of fully-owned and operated outpatient imaging centers. Through its
55 freestanding facilities, the largest network of its kind in California,
RadNet performed approximately 1,000,000 diagnostic radiology and imaging
procedures in 2003. Together with its affiliated medical group Beverly
Radiology Medical Group, Radnet has a total of over 1,300 fulltime and part-
time employees.
# # #
|
