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CapitalSource Provides $30 Million Lease Facility to Alliance HealthCare Services

December 06, 2012, 07:30 AM
Filed Under: Healthcare

CapitalSource announced it has provided a $30 million lease facility to Alliance HealthCare Services, Inc., a national provider of advanced outpatient diagnostic imaging and radiation therapy services.

The facility was structured as a sale-leaseback transaction, whereby CapitalSource purchased various diagnostic imaging equipment used in Alliance’s day-to-day operations and leased the equipment back to the company under competitive terms. Proceeds from the facility were used to pay down borrowings under Alliance’s term loan facility.

“Alliance has a well-established and successful business model with an excellent reputation as a trusted partner to healthcare providers, which gave us great confidence in this transaction,” noted Maureen Carr, Managing Director of the Corporate Asset Finance Group at CapitalSource.

The CapitalSource Corporate Asset Finance Group provides equipment leasing and financing solutions to middle-market and large corporate companies in all industries.

“We were very happy with CapitalSource’s approach and execution,” noted Larry C. Buckelew, Chairman of the Board and Interim Chief Executive Officer of Alliance HealthCare Services.  “They were knowledgeable, efficient and transparent in structuring the financing we needed to execute the transaction.”

CapitalSource Inc., through its wholly owned subsidiary CapitalSource Bank, makes commercial loans to small and middle-market businesses nationwide and offers depository products and services in 21 retail branches in southern and central California. CapitalSource, headquartered in Los Angeles, had total assets of $8.7 billion and total deposits of $5.5 billion as of September 30, 2012.







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