Solis Women's Health Secures Senior Debt and Follow on Equity Funding.AUSTIN, Texas -- Solis Women's Health, the country's leading provider of integrated breast care, announced today that it has secured a $12 million senior credit facility and closed a $10 million follow on equity funding. The senior credit facility, which includes a $9 million term facility and a $3 million revolving line of credit Revolving line of credit A bank line of credit on which the customer pays a commitment fee and can take and repay funds at will. Normally a revolving LOC involves a firm commitment from the bank for a period of several years. , was provided by GE Healthcare Finance. The equity funding was committed by the existing Solis Series A investors, led by Marwit Capital Partners II, L.P. and includes Capital Resource Partners V, L.P. Solis 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. Brad Hummel hummel entire, naturally polled deer. commented, "This financing round will provide the capital to close two committed acquisitions in the southwestern US and fund the opening of the company's 7th DFW DFW Dallas/Ft Worth, TX, USA - Dallas Ft Worth International (Airport Code) DFW Department of Fish and Wildlife DFW David Foster Wallace DFW Drug-Free Workplace DFW Down For Whatever (song by Pretty Young Things) area facility, scheduled to open later this month in Arlington, Texas. We are pleased that our core investor group confirmed their confidence and commitment in the Solis business model and the considerable opportunity we have before us." Marwit Managing Partner and Solis Chairman Matthew Witte added, "The completion of the GE Healthcare credit facility is the first step towards what we anticipate will be an active and robust relationship as we continue to develop markets and target acquisitions across the country. GE's broad experience within the healthcare services sector and deep understanding of our industry and business model make them an ideal financial partner." Hummel added, "The acquisitions and the associated financing are consistent with the execution of the company's strategic plan which anticipates acquisitions in core markets, the development of an integrated digital imaging network and alliances with healthcare systems throughout the United States. The company recently completed a system wide transition to a full field digital mammography platform supported by a state of the art Radiology Information System A Radiology Information System (RIS) is used by radiology departments to store, manipulate and distribute patient radiological data and imagery. The system generally consists of patient tracking and scheduling, result reporting and image tracking capabilities. (RIS RIS rabies inhibiting substance. )." About Solis Women's Health Solis Women's Health is a specialized healthcare provider focused exclusively on the screening and diagnosis of breast cancer. Headquartered in Austin, Tx, Solis operates six north central Texas facilities, the Bertrand Breast Center in Greensboro, North Carolina “Greensboro” redirects here. For other uses, see Greensboro (disambiguation). Greensboro, North Carolina (IPA: [ɡɹiːnsbʌɹəʊ]) is a city in the U.S. state of North Carolina. and has several additional sites under development in markets across the United States. Solis was founded in 1986 by Timothy Freer M.D. and acquired by Marwit Capital in 2005. |
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