Finance - Bridge Finance Group


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Bridge Healthcare Finance & Bridge Opportunity Finance Provides $11.0 Million Facility To H&R Accounts, Inc.

Chicago, IL – January 10, 2006 - Bridge Healthcare Finance, in conjunction with its division, Bridge Opportunity Finance, today announced the completion of a $1.5 million revolving line of credit and a $9.5 million term loan to H&R Accounts, Inc., a leading provider of revenue recovery and accounts receivable management services. The financing allowed Pacific Onset Capital LLC to acquire the company from its original founders.

"This financing allowed for our acquisition of H&R and will provide us with the working capital that we need to continue to grow the business,” said Moises Eilemberg, president and chief executive officer of Pacific Onset Capital LLC. “We were looking for a financial partner who understood the intricacies of the medical collection business. Bridge Healthcare Finance demonstrated its expertise and closed this facility in a timely and efficient manner.”

“H&R Accounts is an established provider medical collection services within their market place. With the additional management depth and experience provided by Pacific Onset, they will be well positioned to take advantage of additional opportunities within the industry” said Randy Abrahams, President and Chief Executive Officer of Bridge Healthcare Finance.

About H&R Accounts, Inc.

H&R Accounts, Inc. is headquartered in Moline, IL. It was founded in 1971. The company specializes in and provides a complete line of revenue recovery/accounts receivable management services to clients on a nationwide basis. For more information about H&R, visit www.hraccounts.com.

About Bridge Finance Group

Bridge Finance Group 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, 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 offices in the Northeast and Southern California.

Bridge Finance Group was formed with a single goal in mind – to help businesses grow the right way. Because we accomplish our goal only when you accomplish yours, our focus is on addressing your needs in a way that provide you with peace of mind.

Of course, many companies claim to be customer centered. So what makes us different?

Bridge Finance Group believes strongly in actively contributing to its community. Through Bridge Charities, we participate in activities that both raise funds and promote awareness for organizations.