SLR Healthcare ABL recently closed a $7MM asset-based revolving credit facility for a post-acute rehabilitation, home health, and hospice provider (“Company”). Founded in 2003, the Company is a privately owned, sponsor-backed provider of essential physical, occupational and speech therapy for skilled nursing facility clients and direct clinical services (skilled home health and hospice) to seniors in the Northeast. The Company was looking for a more flexible working capital solution to replace its existing bank credit facility so the new CFO, who had prior experience working with SLR Healthcare ABL, reached out directly. SLR Healthcare ABL structured a credit facility that enhances the Company’s borrowing availability and is expandable as the Company grows.
