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CNH Finance Announces Acquisition of Triumph Healthcare Finance

March 19, 2018, 07:30 AM
Filed Under: Mergers & Acquisitions

CNH Finance, L.P., a specialty finance company headquartered in Greenwich, Connecticut, announced the expansion of its national commercial healthcare lending capabilities with the acquisition of Triumph Healthcare Finance, a division of TBK Bank, SSB, a subsidiary of Triumph Bancorp, Inc., headquartered in Portland, Oregon.  

CNH Finance, L.P., specializes in middle-market and lower-middle-market asset-based lending, providing clients with working capital up to $20 million to better position them for future growth. The healthcare team of Triumph Healthcare Finance includes Jennifer Sheasgreen, who previously served as President of Triumph Healthcare Finance and will be named Managing Director and Head of Healthcare Finance for CNH Finance, L.P. and Edward Kauffman, who previously served as SVP, National Sales Manager and will now hold the same title for CNH Finance, L.P.  The healthcare team will join the CNH Finance, L.P. team, combining efforts to expand healthcare lending across the nation. 

“We are very excited to welcome Triumph Healthcare Finance and their clients to CNH, and look forward to the expertise that Jennifer and Edward will bring to the team,” said Tim Peters, Principal of CNH Finance, L.P. “In the increasingly complex environment of healthcare financing, we are confident that this acquisition will expand our capabilities and position CNH Finance, L.P. as the ‘go to’ healthcare lender in the country.”

“We look forward to joining CNH Finance, L.P. and working alongside such an experienced team, allowing us to bring a strong and tailored working capital solution to our clients,” said Jennifer Sheasgreen, President of Triumph Healthcare Finance.

Upon completion of the acquisition, Triumph Healthcare Finance will be integrated into CNH Finance, L.P., but will continue to be based out of Portland, Oregon.

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