MIAMI – January 31, 2023 – eCapital Corp. (“eCapital” or “the Company”), a leading finance provider for businesses across North America and the U.K., today announced that eCapital Healthcare delivered $172.6MM in newly originated credit facilities for businesses in the healthcare industry in 2022.
The division delivered financial solutions to healthcare providers in skilled nursing, hospital, behavioral health, home health and ancillary services sectors. The proceeds from these lines of credit and term loans are being utilized for working capital, change of ownership transfers, acquisitions, mergers, and capital improvements, to fuel the business’ growth.
eCapital Healthcare launched in 2022 following eCapital’s acquisition of CNH Finance, a leading specialty lender in the healthcare space. It is led by a highly experienced team of healthcare finance professionals and leverages the combination of this experience and proprietary healthcare software to deliver innovative, customized working capital solutions that meet the unique needs of providers in the healthcare industry.
About eCapital Healthcare Corp. (“EHC”)
Through its acquisition of CNH Finance, eCapital Healthcare has been providing revolving lines of credit, term loans & real estate bridge loans to middle and lower middle market healthcare companies throughout the United States since 2011. EHC utilizes its proprietary healthcare lending software to efficiently provide loans from $1.0 million to $50 million to companies in all stages of the business cycle.
About eCapital Corp.
eCapital is committed to accelerating access to capital for companies in the United States, Canada, and the U.K. By leveraging a team of over 800 experts and proprietary, industry-leading technology, eCapital is creating the future of business funding. With a full suite of products such as freight factoring, invoice factoring, lines of credit, asset-based lending, payroll funding, and equipment financing, eCapital ensures businesses have the funds they need to do more. Through its Transportation, Staffing, Wellness, Healthcare, Factoring and ABL divisions, eCapital delivers customized funding solutions for over 80 industries. To learn more about eCapital, visit eCapital.com.