Square 1 Bank is providing a $2.5 million credit facility to Austin-based Hospitalists Now Inc., a hospital management company dedicated to providing customized solutions to improve clinical and operational outcomes in hospitals and private medical practices. Proceeds of the credit facility will be used to provide working capital and support growth.

Hospitalists Now’s full service hospital management program includes offering their proprietary hospital medicine technology suite, HM VitalSigns (patent pending), matching qualified MDs to meet hospitals’ needs, and providing management and consulting services.

“We are excited to partner with Hospitalists Now and look forward to supporting their growth as they take their business to the next level. We are very impressed with the company’s management team, and the products and services they offer to hospitals and private practices,” said David McLaughlin, senior vice president in Square 1’s Austin office.

Barry Fromberg, chief financial officer of Hospitalists Now, added, “We are thrilled to be working with Square 1 Bank. They have provided a flexible credit facility that will enable us to continue to grow our company. They truly understand our business and are a great partner for us.”

Square 1 Bank is a full service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion.