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Bridge Healthcare Finance & Bridge Opportunity Finance Provides $9.0 Million Facility To DW Healthcare Partners Chicago, IL – February 1, 2006 - Bridge Healthcare Finance and Bridge Opportunity Finance, today announced the completion of a $2 million revolver and $7 million term loan to provide the financing for DW Healthcare Partners ("DWHP") acquisition of Hill Top Research, Inc., a worldwide leader in clinical research for personal care, oral care, and health care products. Hill Top Research based in Cincinnati, OH offers a broad array of
clinical research services, including safety testing, efficacy testing,
sensory testing, claim substantiation, data management, project management,
and microbiology. Throughout its 55 years of operations, the company
has been successful in recruiting and retaining top industry experts,
creating an unparalleled wealth of knowledge in writing protocols and
conducting clinical trials. Additionally, Hill Top has strong data
management & biostatistics skills that provide clients with timely,
concise output from their clinical research. "We are very excited by the financing provided by Bridge, and we look forward to many years of growth and opportunity for all Hill Top Associates", said Joel Ivers , Hill Top’s Chief Executive Officer. "This investment and financing enhances our ability to continue to offer unparalleled clinical research expertise and robust subject recruiting at our multiple and diverse locations throughout North America. In addition, we can continue to invest in providing high quality studies for our clients." “The Hill Top transaction underscores our expertise in helping companies fund acquisitions,” says Randy Abrahams, President and CEO of Bridge Healthcare Finance. “Our responsiveness and industry expertise allowed for the completion of the acquisition within 30 days from introduction to the company.”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. |
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