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Bucks County Specialty Hospital

Structured finance solution for a new hospital

Challenge

Nueterra Holdings, LCC, a key Siemens Financial Services client, solicited SFS's financing solutions for the funding of Bucks County Specialty Hospital. The new owners were faced with a tight timeline to open to meet a pending new healthcare legislation deadline.  The client required an experienced lender in start-up hospital financing that could expedite closing.

Solution

SFS delivered multiple finance solutions for Bucks County Specialty Hospital, including core equipment financing, working capital to fund hospital ramp-up, tenant improvement financing to renovate the existing hospital facility.  All were structured under taxable loan schedules.

Customer Benefits

The client added medical technology to its facility which required another USD 4MM+ of SFS financing. SFS was able to finance the build out for the installation and provide much improved terms over the landlord's offering, which increased cash flow for the client.

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