Bucks County Specialty Hospital
Structured finance solution for a new hospital
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.
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.
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.