Monroe Capital Launches Healthcare Finance Company

Tags: ASC | financing | healthcare | Monroe Capital | outpatient surgery | surgery center

Monroe Capital has launched a new healthcare finance company to assist lower middle-market healthcare companies in meeting their liquidity needs to fund working capital, growth initiatives, expansion and refinancing existing debt.

MC Healthcare Finance, led by former founder of Meridian Healthcare Finance James Irwin and industry veteran Terry Cady, will provide short term, asset-based funding for healthcare companies located throughout the United States.

"Sweeping changes in the healthcare industry and volatile credit markets have combined to create the perfect storm for our nation's middle-market healthcare companies," said Monroe Capital President Ted Koenig. "ObamaCare will provide many challenges to grass roots providers of healthcare services and those companies that provide goods and services to them. Through MC Healthcare, we will provide these companies with a complete range of value-added ABL credit solutions to meet their financing needs and successfully navigate today's changing economic environment."

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