Here are four things to know.
1. First Choice Healthcare, based in Melbourne, Fla., focuses on building a network of high-quality healthcare organizations in orthopedics, spine, neurology and interventional pain medicine.
2. The company’s flagship network includes First Choice Medical Group, The B.A.C.K. Center and Crane Creek Surgery Center, all located in Melbourne, Fla.
3. The credit line is established through First Choice Healthcare’s wholly owned subsidiary First Choice Medical Group Brevard.
4. “In light of our company’s rapid growth — as reflected in the 232 percent year-over-year revenue increase we reported for our third quarter, we are very pleased that we have succeeded in negotiating additional financial support from CT Capital. The increase in our credit line will serve to further strengthen our liquidity and enhance our ability to execute on prevailing growth initiatives while optimizing management of our monthly cash flow,” said Christian Romandetti, president and CEO of First Choice.
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