Textron Financial Corporation announced that it has begun offering asset-based financing to US healthcare providers.
Textron Financial's healthcare financing leverages the value of third party claims for a range of healthcare providers, including hospitals, skilled nursing operators, home health agencies and outpatient clinics, as well as manufacturers and distributors that serve the healthcare market.
Patrick Quinton will lead the Healthcare Finance group as managing director. Most recently, Quinton was a co-founder and managing partner of Textron Financial Mezzanine Partners, L.P., a mezzanine fund targeting small and middle market growth companies.
Textron Financial is a diversified commercial finance company with over US$8bn in managed and serviced finance receivables. Textron Inc. (TXT) is a US$10bn multi-industry company.
Source: Biotech Week
