SOURCE: Doral Financial Corporation

August 09, 2011 10:07 ET

Doral Healthcare Finance Provides $13.3 Million to Three Companies

PORTLAND, OR--(Marketwire - Aug 9, 2011) - Doral Healthcare Finance ("DHF") today announced it has provided $13.3 Million in asset-based working capital facilities to three healthcare companies.

$7.0 million provided to a national nursing home chain for its Texas locations.

$3.3 million provided to a Utah-based nursing home chain with locations in Utah and Arizona.

$3.0 million provided to a home health company specializing in personal care assistance and adult day care services located in the Northeast Tri-State region.

"Doral Healthcare Finance is pleased to provide working capital facilities for our three newest clients as we continue on our trajectory to provide asset-based loans to the healthcare industry. These facilities will assist our clients in managing their growth objectives," said Jennifer Sheasgreen, DHF Managing Director.

About Doral Healthcare Finance

Doral Healthcare Finance provides asset-based, working capital lines of credit to providers of goods and services in the healthcare industry nationwide, including hospitals, home healthcare agencies and long-term care facilities with financing needs from one million to $20 million. Doral serves clients nationwide from their headquarters in Portland, Oregon. For more information on DHF services, please visit www.doralhealthcarefinance.com or contact (855) 277-7895.

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