SLR Healthcare ABL has provided a $7.5MM asset-based revolving credit facility to a chronic care physician services and technology company. The company offers around-the-clock medical coverage (primary care physicians, internal medicine doctors, nurse practitioners, and licensed clinical social workers, etc.) for its contracted skilled nursing facility clients. In addition, the company has developed a proprietary EMR that is the only fully integrated platform in the chronic care industry where providers can collect, exchange, analyze and act on patient data in real-time. The company has been experiencing rapid growth and plans to utilize the credit facility to help achieve its long-term strategic plan.
