The expanded credit facility, which is currently untapped, affords our company the opportunity to . . . finance our growth initiatives.
BOCA RATON, Fla. (PRWEB)
September 20, 2022
Health Advocates Network, Inc., a provider of quality clinical and non-clinical staffing solutions to healthcare systems nationwide, today announced it expanded its credit facility with JPMorgan Chase to $15,000,000 which will be used to invest in both M&A activities and organic growth.
As Health Advocates Network completes its third year of business, the Company continues to execute its aggressive growth plan building de novo divisions supplemented by strategic acquisitions. The Company now has a national platform that provides Allied, Nursing, and Non-Clinical disciplines in acute care, sub-acute care and correctional settings.
“JPMorgan Chase has been a longtime partner in funding our growth initiatives at both Health Advocates Network and our prior business ventures,” stated Kevin Little, Chairman, CEO and co-founder of Health Advocates Network. “We are pleased to again receive its support as well as the sponsorship of our shareholders who have invested equity capital in our two oversubscribed rounds.”
Health Advocates Network is scheduled to close its next acquisition in Q4 2022, with additional M&A opportunities currently under evaluation. “The expanded credit facility, which is currently untapped, affords our company the opportunity to utilize its balance sheet to finance our growth initiatives,” stated Eddie Albert, Director of M&A and co-founder of Health Advocates Network. “With the healthcare staffing market for M&A activities continuing to normalize, we look forward to being increasingly aggressive in putting this financing to work.”
About Health Advocates Network
Founded in January 2020, the Company operates its business through its brands Health Advocates Network, Staff Today and Acclivity Healthcare. Certified by The Joint Commission, the Company is built on a foundation of excellence, guided by its core values of quality and career advocacy. Health Advocates Network is led by experienced and respected healthcare staffing executives driven to propel the organization to become one of the most successful staffing companies servicing healthcare clients. Health Advocates Network is headquartered in Boca Raton, Florida.
For more information about Health Advocates Network, visit http://www.hanstaff.com.
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