Siena Lending Group Closes New $10 Million Credit Facility for Townsen Memorial Health System
August 1, 2024
Source: Siena Lending Group LLC
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Siena Lending Group LLC("Siena") is pleased to announce the closing of a $10 million credit facility with Townsen Memorial Health System (“TMH", or "the Company”), a Houston-based network of multi-specialty healthcare facilities including hospital, surgical, and imaging centers. TMH provides top-quality individualized care for its patients via more than 370 providers at its world-class locations. The new credit facility will be used to support TMH’s working capital needs and the continued growth of the Company. Commenting on the Company’s new credit facility, Kenneth Le, M.D., TMH’s Chief Executive Officer, said “TMH is excited to partner with Siena. Their team was swift in the execution of this new revolving line of credit which will allow us to accomplish our strategic goals more quickly. In Siena we found a team that understands our vision for the business and look forward to working with them as we continue to bring important care to our patients in Houston.” “We are thrilled to serve TMH as a capital partner in this transaction,” said Brendan Tully, Siena Vice President and lead Healthcare originator. “Dr. Le and his team have built an impressive platform that provides critical health services to the greater Houston population. We are excited to work with the talented team at TMH and to support the Company’s continued expansion in this growing region.” Scott Elliotto, President of Siena, added that “We look forward to supporting TMH as they continue to open new facilities and provide innovative patient care to those they serve." |
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About Siena Lending Group: |
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Siena Lending Group is a leading asset-focused lender providing financing solutions from $10 to $100 million across the United States and Canada. Siena operates across most industry sectors and provide senior secured solutions to privately held middle-market companies and publicly traded industry leaders. Siena has also earned a reputation as a trusted financing partner to private equity firms and other financial sponsors. Since 2012, Siena has consistently found creative ways to provide borrowers with maximum flexibility and liquidity. With deep lending experience and expertise in complex situations, clients know Siena brings the patience and perspective to help them work through challenges and achieve their long-term visions.
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