Bridge Opportunity Finance Provides $20 Million Facility to Mercer Staffing, Inc.CHICAGO -- Bridge Opportunity Finance, a division of Bridge Healthcare Finance, today announced the completion of a $10 million revolver and $10 million term loan to Mercer Staffing, Inc., a staffing company headquartered in Doylestown, Pennsylvania Doylestown is the name of both a borough and the adjacent township in Bucks County, Pennsylvania, 34 miles (55 km) north of Philadelphia. At the turn of the century in 1900, 3,034 people lived in the borough of Doylestown, and in 1910, 3,304 people lived there. . Mercer is a highly specialized staffing company with expertise in transportation and mental health staffing throughout their 18 locations. The funding to Mercer was used to refinance existing secured lenders as well as fund their ongoing acquisition strategy. Mercer successfully closed and integrated two acquisitions in 2004 and plans to continue their acquisition strategy in 2005. The staffing industry is highly fragmented with many under-capitalized national, regional and local providers which the company plans to leverage through its acquisition strategy. "We were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a capital partner who understood the risks and rewards of an aggressive acquisitions strategy. Bridge Opportunity Finance is well-known for their expertise in this arena and demonstrated their ability to help us take advantage of acquisition opportunities in a fragmented marketplace," said Michael Traina, Chief Executive Officer. "The Mercer closing underscores our expertise in helping customers identify and leverage acquisition opportunities to accelerate their business goals," says Randy Abrahams, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bridge Healthcare Finance. "Our people understood what Mercer was trying to accomplish and the economics involved and took action allowing the company to close in a timely and efficient manner and capture upside." Citra Capital Management, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control arranged the transaction and served as Mercer's financial advisor. Citra Capital Management provides merchant banking and financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to middle market heath care companies. 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, Illinois with an office in Hartford, Connecticut “Hartford” redirects here. For other uses, see Hartford (disambiguation). Hartford is the capital of the State of Connecticut. It is located in Hartford County on the Connecticut River, north of the center of the state. . For more information visit Bridge Healthcare Finance at www.bridgehcf.com. |
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