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In brief: Drive secures loan, Medtrade recognizes best

October 11, 2013HME News Staff

BETHESDA, Md. - Drive Medical is refinancing existing debt and supporting ongoing capital and growth needs with a $115 million loan, according to financing administrator GE Capital, Healthcare Financial Services. The senior credit facility may be increased to as much as $165 million under certain conditions and can be used to make acquisitions, according to an Oct. 8 release. “GE worked closely with us to provide the capital and flexibility we will need to continue our growth and maintain our...

brightree connect, brightree intelligentq, codereadr, copd, CPR+, drive medical, ge capital, Jaysec, Mediware, Medtrade


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Also Noted

Drive Medical secures $115 million loan

October 9, 2013HME News Staff

BETHESDA, Md. - With a $115 million loan, Drive Medical is refinancing existing debt and supporting ongoing capital and growth needs, according to financing administrator GE Capital, Healthcare Financial Services. The senior credit facility may be increased to as much as $165 million under certain conditions and can be used to make acquisitions, according to an Oct. 8 release. “GE worked closely with us to provide the capital and flexibility we will need to continue our growth and maintain...

drive medical, ge capital, richard kolodny


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