Chicago -
LFC Capital, Inc. has provided a $2,500,000 credit facility for equipment financing with Meridian Healthcare Group, Inc. $1.0 million is in the form of a lease line of credit for future use.
"What Meridian has accomplished since its founding in 2000 is remarkable. We have known the Meridian management team for more than a decade and observed their approach to developing a successful healthcare business on a national scale," said Martin E. Zimmerman, President and CEO, LFC Capital. "As such, we are pleased to provide flexible equipment financing with technology upgrade options, and additional capital for their continued expansion."
Meridian Healthcare Group, headquartered in Tallahassee, Florida, is a nationally recognized leader in the field of pulmonary medicine providing services to over ten million patients annually in 39 states. As one of the largest providers of respiratory care in the United States, Meridian has built a national network of clinical programs in hospitals, skilled nursing facilities, outpatient clinics, homecare centers, polysomnography laboratories and respiratory pharmacies.
LFC Capital is a leading independent equipment lessor dedicated to the healthcare industry, delivering sophisticated equipment finance and remarketing services to hospitals, clinics, physician groups and growth companies. The principals of LFC have more than $1.5 billion of experience in financing healthcare equipment.