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Beringea Manages Refinance of
Residential Home Health |
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Farmington Hills, Mich.-- Beringea, a global investment bank specializing in healthcare transactions, served as financial advisor to Residental Home Health (RHH) in the recent refinance of its business. RHH is a cost-effective alternative to institutional healthcare for patients who may be homebound, medically unstable, or recovering from a hospital stay, illness or accident and in need of the skilled services of a nurse or a therapist.
Beringea arranged senior debt financing for the company, to be used in a dividend recapialization and to finance future aquisions.
"This fiancing provides liquidity to the shareholders while also supporting the future growth strategy of the company," said Chris Ahn, Director of Investment Banking for Beringea. "The line will allow RHH to extend its geographic reach through acquisition throughout the Midwest."
ABOUT BERINGEA
Beringea, LLC is an international private equity and investment banking firm with offices in Detroit, Los Angeles, London and Shanghai. Its commitment to completing difficult transactions has earned it the praise of major multi-national organizations drawn from a broad spectrum of industries. www.beringea.com. |
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