SLR Healthcare ABL recently closed a $3MM asset-based revolving credit facility to a Midwest based hospice provider. The private equity backed company was formed in 2022 to invest in regional hospice businesses where existing managers are seeking capital and advanced technological capabilities to grow their business. Today the company operates in four states and provides end of life care to patients primarily through in-home and assisted living facility settings. The new revolving credit facility will be used to help fund a new Electronic Medical Record system implementation as well as support ongoing growth initiatives.
