PORTLAND, Ore. — February 10, 2016 — Triumph Healthcare Finance, a provider of asset based lending solutions for small to mid-sized healthcare companies nationwide and member of the Triumph Bancorp, Inc. (Nasdaq: TBK) group, today announced it will provide Creative Solutions in Healthcare with a $20 Million asset based working capital facility to support the company’s liquidity needs.
Based in Fort Worth, Texas, Creative Solutions in Healthcare owns and operates 49 skilled nursing and seven assisted living facilities throughout the state of Texas. Their corporate culture is grounded in the golden rule and Christian ethic of “do unto others as you would have them do unto you.” Each of the Creative Solutions in Healthcare’s facilities operates by this rule in providing care to those of the senior community.
“We are excited about our new relationship with Triumph Healthcare Finance,” Gary Blake, CEO of Creative Solutions in Healthcare, said. “The due diligence process was handled in a timely, orderly nature and the daily administration of our line of credit is conducted with the utmost professionalism. It has been a pleasure working with the entire Triumph team.”
“It has been great working with Gary Blake, Brad Oldham and the entire team at Creative Solutions in Healthcare,” Jennifer Sheasgreen, president of Triumph Healthcare Finance, said. “We are pleased that we were able to accommodate their working capital needs and we are excited about strengthening our relationship in the future.”
ABOUT TRIUMPH HEALTHCARE FINANCE
Triumph Healthcare Finance, a division of TBK Bank, SSB, specializes in helping smaller middle-market healthcare companies and other service providers that would benefit from revolving lines of credit secured by insurance, government or contract accounts receivable. Funds may be used for a variety of purposes, including turnarounds, restructurings, M&A financing or general working capital. For more information, visit www.triumphhf.com.
ABOUT TRIUMPH BANCORP, INC.
Headquartered in Dallas, Texas, Triumph Bancorp, Inc. (NASDAQ: TBK) is a financial holding company with a diversified line of community banking, commercial finance and asset management activities. www.triumphbancorp.com
Posted in Triumph Healthcare Finance