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Financing Intravenous Therapy Services, Inc.'s Growth
Transaction
- Intravenous Therapy Services, Inc. (“ITS”), a leading Southern California home infusion and specialty pharmacy provider was seeking to raise financing to support its growth
Challenges
- Hurdles in consummating a transaction included
- The need to raise financing in a short period
- Limited financial history and a lack of audited statements
- Uncertain healthcare reimbursement environment
Solution
- FocalPoint targeted a select group of financing sources with experience in healthcare and a working knowledge of reimbursement issues
- FocalPoint maximized liquidity with few restrictions and a minimal security/collateral package
- Focused lenders on the strength of the company’s balance sheet and its ability to generate profit margins above industry averages
- Ultimately, the Company established a long-term relationship with a very supportive lender
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