MC Healthcare Finance LLC Launches

| November 15, 2012 | 0 Comments


MC Healthcare Finance LLC today announced it is launching a new
healthcare finance company to assist lower middle-market healthcare
companies in meeting their liquidity needs to fund working capital,
growth initiatives, expansion, and refinance existing debt. The new
firm, MC Healthcare Finance LLC (“MC Healthcare”), will provide
short-term, asset-based funding for healthcare companies located
throughout the United States.

MC Healthcare will be led by James Irwin, the former founder of Meridian
Healthcare Finance, and Terry Cady, a founder of three specialized
healthcare asset-based lending firms, each having more than 30 years of
corporate finance experience. In addition, the firm will rely on the
vast experience and extensive healthcare industry relationships of its
sponsors, Monroe Capital LLC and the HSP Group, LLC. Monroe Capital is
one of the leading lenders to middle-market borrowers in the United
States and the HSP Group has been active in both the specialty finance
and healthcare industry sectors. The sponsors have a proven track record
of structuring and executing hundreds of financings, investing more than
$5 billion across a wide range of industries. MC Healthcare will benefit
from the support and extensive credit relationships of the Monroe
Capital organization and the HSP Group.

According to Jim Irwin, President of MC Healthcare, “The demand for
healthcare services is increasing at a rate far exceeding the rate of
inflation. The aging population and structural changes in the healthcare
industry are impacting the bottom line for our nation’s healthcare
providers and companies that service them. As a result, lower
middle-market healthcare businesses are increasingly strapped for
capital and have little access to traditional sources of bank financing.
We plan to offer a full range of creative credit solutions to this
market segment.”

Ted Koenig, President of Monroe Capital, said, “Sweeping changes in the
healthcare industry and volatile credit markets have combined to create
the perfect storm for our nation’s middle-market healthcare companies.
Obamacare will provide many challenges to grass roots providers of
healthcare services and those companies that provide goods and services
to them. Through MC Healthcare, we will provide these companies with a
complete range of value-added ABL credit solutions to meet their
financing needs and successfully navigate today’s challenging economic

MC Healthcare will finance all segments of the healthcare industry,
including hospitals, nursing homes, home health service providers,
durable medical equipment manufacturers, pharmaceutical laboratories,
laboratory testing companies, physician practices, psychological and
substance abuse facilities. It will provide loans of $1 to $10 million
but can arrange and participate in larger transactions, as necessary.

MC Healthcare will be headquartered in La Jolla and will service clients
throughout the United States.

About MC Healthcare Finance LLC

MC Healthcare Finance is a healthcare specialized lender offering
asset-based financing to lower middle-market companies in all segments
of the healthcare industry including hospitals, nursing homes, home
health service providers, durable medical equipment manufacturers,
pharmaceutical laboratories, laboratory testing companies, physician
practices, psychological and substance abuse facilities. MC Healthcare
is a committed partner to its customers as they face uncertain financing
challenges in the current market. MC Healthcare’s focus is on direct
lending and servicing asset-based loans functioning as both a principal
lender and as a lending partner to community and regional banks. MC
Healthcare is an affiliate of Monroe Capital LLC and the HSP Group, LLC.
To learn more about MC Healthcare, visit

About Monroe Capital LLC

Monroe Capital LLC is a leading provider of senior and junior debt and
equity co-investments to middle-market companies in the U.S. and Canada.
Investment types include unitranche financings, cash flow and enterprise
value based loans, acquisition facilities, mezzanine debt, second lien
or last-out loans and equity co-investments. Monroe Capital prides
itself on its flexible investment approach and its ability to close and
fund transactions quickly. Monroe is committed to being a value-added
and user-friendly partner to owners, senior management and private
equity sponsors. To learn more about Monroe Capital LLC, visit

About HSP Group LLC

HSP Group, LLC (“HSP”) is an active and successful investor in both the
specialty finance and healthcare industries. HSP affiliates control
Advance Restaurant Finance LLC (“ARF”), a leading specialty lender to
the hospitality industry that has originated and serviced over 8,000
loans to small businesses nationwide since 2001. ARF originates and
services the majority of its loans on behalf of a network of community
banks through a proprietary servicing platform. HSP is also the largest
shareholder of First Physicians Capital Group, a provider of management,
financial, and ancillary healthcare and IT services to the rural and
community hospital market.

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