Bridge Healthcare Finance Marks Anniversary and Continued Growth; Announces Charitable Arm.CHICAGO -- Bridge Healthcare Finance celebrated its 1st year anniversary in March with the announcement of continued growth and the formation of Bridge Charities. "Bridge Healthcare Finance, along with its Bridge Opportunity Finance division, is making great strides in 2005, growing commitments under management from a reported over $120 million in December, 2004 to $225 million through May 31, 2005," said Randy Abrahams, president and chief executive officer of Chicago-based Bridge Healthcare Finance. Bridge Healthcare Finance attributes its growth to addressing an often ignored need in the marketplace - specialized lending for small to mid-sized healthcare providers. Bridge provides financing from $500,000 to $50 million or more. "This announcement is exciting because it signals the continued growth and momentum in the healthcare finance arena. By leveraging our expertise in healthcare, we now have the ability to build on our customized financial offerings through Bridge Opportunity Finance and capture those lending opportunities both in the health care industry and in other industries," added Abrahams. Bridge Opportunity Finance will offer a wide range of custom term and working capital loan structures both in health care and in other industries outside of the health care arena. With the backing and financial strength of institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. , Bridge Opportunity can offer up to $50 million and more to prospective customers/clients in need of acquisition or restructuring financing or general financing for growth. "We can't think of a better way to celebrate our success than by announcing the establishment of Bridge Charities. We want to give back and demonstrate our commitment to the communities in which we operate," added Abrahams. Organizations that have benefited from Bridge Charities include the Leukemia leukemia (l  kē`mēə), cancerous disorder of the blood-forming tissues (bone marrow, lymphatics, liver, spleen) characterized by excessive production of immature or mature Research Foundation, Jane Addams Laura Jane Addams (September 6, 1860 – May 21, 1935) was a founder of the U.S. Settlement House Movement and the first American woman to be awarded the Nobel Peace Prize. Hull House Hull House: see Addams, Jane. , the House of Blues House of Blues (HOB) is a chain of music halls and restaurants founded in 1992 by Hard Rock Cafe founder Isaac Tigrett and his friend and investor Dan Aykroyd. It is a home for live music and southern-inspired cuisine, whose clubs celebrate African-American culture, specifically Music Foundation, the Boy and Girl Scouts Girl Scouts, recreational and service organization founded (1912) in Savannah, Ga., by Mrs. Juliette Gordon Low (1860–1927). It was originally modeled after the Boy Scouts and Girl Guides, organizations created in Great Britain by Sir Robert Baden-Powell during of America and others. About Bridge Healthcare Finance Bridge Healthcare Finance offers a combination of comprehensive loan products, decades of financial expertise and an unparalleled service approach unique to the healthcare lending industry. Through accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying , cash flow and real estate based term loan lending products, Bridge is able to address the differing capital needs of the healthcare industry. Bridge is based in Chicago, IL with offices in Hartford, CT and Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , CA. Loan amounts start at $500,000 - for more information visit Bridge Healthcare Finance at www.bridgehcf.com. |
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