Alpine Capital said it has provided senior debt financing to Comprehensive Health Services, a healthcare technology and services company located in New Jersey. The financing consisted of a $1 million senior secured revolving line of credit and a $5 million senior secured term loan. Proceeds from the financing will go towards working capital purposes, to refinance existing indebtedness, and to provide funds for future potential acquisitions.
“We could not be more pleased with the Alpine Capital team. This capital will enable us to leverage prior-made investments in infrastructure and quickly move on future acquisition opportunities so that we can successfully execute on our planned growth strategy,” said Dr. A. Hassan Mohaideen, CEO of Comprehensive Healthcare Systems.
“We are delighted to be working with the Comprehensive Healthcare Systems management team. We are pleased to provide financing which will help them to continue to provide their customers with exceptional products and services, as well as support the future growth of their business,” said Alan Regdos, CEO for Alpine Capital.
Founded in 2001, Comprehensive Healthcare Systems is an all-inclusive healthcare technology, third party-administration, and clinical medical management platform that provides software and services for healthcare organizations under the company Health Plan Systems, third-party administration services under LionGen and medical management services under Sterling Medical Management. The company’s clients include insurance companies, hospitals, doctors, and labor unions. Comprehensive Healthcare Systems is licensed in New Jersey.
Alpine Capital is a specialty lender dedicated exclusively to providing secured debt financing to healthcare companies. With over 45 collective years of healthcare finance experience, Alpine Capital leverages its expertise and understanding of the unique challenges facing healthcare providers to custom-tailor products to meet the specific needs of its clients. Alpine Capital LLC is headquartered in Charlotte, NC.