Finance - Bridge Finance Group


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Bridge Healthcare Finance & Bridge Opportunity Finance Provides $20.0 Million Facility To MCMC LLC

Chicago, IL – December 9, 2005 - Bridge Healthcare Finance, in conjunction with its division, Bridge Opportunity Finance, today announced the completion of a $5.0 million revolving line of credit, a $5.0 million term loan and a $10.0 million acquisition line to MCMC LLC, a leading provider of claims management services for managed care companies. The facility refinanced the existing lenders and allowed for the acquisition of Medical Bills Audit, Inc.

"The acquisition of Medical Bills Audit, Inc. will increase our market share,” said Michael Lindberg, President and Chief Executive Officer of MCMC LLC. “We knew they understood our aggressive acquisition strategy and provided us the capital we needed to take advantage of the opportunity.”

“The MCMC funding in conjunction with their acquisition of MBA underscores our expertise in helping customers fund acquisitions, and we are thrilled to be involved with a management team of this caliber,” says Randy Abrahams, President and Chief Executive Officer of Bridge Healthcare Finance.

About MCMC LLC

MCMC LLC is headquartered in Boston, MA. It reviews, examines, coordinates, processes and manages all aspects of group health, workers' compensation, disability, auto and general liability claim. For more information about MCMC, visit www.mcmcllc.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.