CHICAGO, Oct. 18 /PRNewswire/ -- Bridge Healthcare Finance announced the completion of two rounds of financing to Access Nurses, a San-Diego based privately held nurse-staffing company. In June, Bridge funded a $3MM revolving credit facility and a $570 thousand term loan facility followed by an additional $1MM of subordinated debt in October.
Alan Braynin, Chief Executive Officer and Founder of Access Nurses said, “Five months after we finalized our first financing with Bridge our monthly revenues increased by over 50% and we needed more working capital to grow our business. Bridge Healthcare Finance was able to quickly restructure our deal and provide the working capital we needed to continue our business expansion.”
“We are pleased to help organizations like Access Nurses realize their growth potential,” comments Randy Abrahams, President and CEO of Bridge Healthcare Finance. “There is a growing need for travel and per-diem nurse staffing and we are pleased to help them grow with this transaction.”
The Access Nurses facility further validates Bridge as an active participant in the healthcare finance arena.
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 http://www.bridgehcf.com/ .
About Access Nurses
Headquartered in San Diego, Access Nurses provides comprehensive healthcare recruitment solutions to over 500 hospitals throughout the United States. In addition to supplying hospitals with nurses and allied health professionals on a travel, per diem and permanent basis, Access Nurses delivers web-based recruitment tools and virtual career fair services to healthcare organizations. For more information on Access Nurses visit http://www.accessnurses.com/ .
Bridge Healthcare Finance
CONTACT: Liane Adduci for Bridge Healthcare Finance, +1-312-994-2451