Tag: Loan

COSTA MESA, Calif. - Pacific Mercantile Bank has extended a $4 million term loan to CHME, an HME provider. CHME, originally California Home Medical Equipment, was referred to Pacific Mercantile Bank by Unique Investment Corp., CHME's private equity sponsor. “With the knowledge they gained, they were able to structure a loan that meets our financing needs and allows us to increase our working capital to support the growth opportunities we are seeing,” said Bernie Zimmer, president of CHME....

DENVER - MediLogix has closed on a $4 million senior term loan from CapX Partners. The provider of rental DME and respiratory equipment to skilled nursing, rehab, long-term acute care facilities and hospice providers, will use the loan to buy additional equipment to fulfill its increased customer demands, according to a release. “With management focused on several key initiatives to support growth—including building and expanding its national geographic footprint, hiring and increasing...

PORT WASHINGTON, N.Y. - A recently announced $115 million loan from GE Capital, Healthcare Financial Services, puts Drive Medical in a position to make “game-changing acquisitions,” says Doug Francis, principal and co-founder.“We have representation in just about every product category, but this will catapult us into product categories that we're not perceived to be the strongest in today,” he said. “We recognize the need to offer a deeper product mix, so providers can...

A few interesting things posted to the Web recently: Jedi Mind, a company that develops thought-controlled technology, has launched a medical applications division. According to a release: There are enormous opportunities in the medical field for products to make life easier for patients, such as people in wheelchairs and amputees. With the use of the wireless headset, a patient would be able to control his or her wheelchair with the power of their minds. Quadriplegics that currently control their...