New Hospital Looks to CapX for Equipment Financing
Physicians’ Hospital (Dallas, TX) had already secured real estate and equipment financing to provide turnkey capital for the development of the hospital. After several participating equipment lenders were unable to extend additional financing for a unique list of equipment assets, Physicians’ Hospital’s equity sponsor, Surgical Development Partners, approached CapX to provide equipment financing.
“CapX moved quickly, understanding our financing needs and providing us with thoughtful solutions, allowing us to keep our focus on the myriad of other issues we had to tackle for an on-time hospital launch.” Said Eddie Alexander, President and CEO, Surgical Development Partners.
CapX was able to recognize the equity sponsor’s ability to identify geographical areas with high healthcare demand and their skill to execute on both project development and operations. CapX provided a $10,000,000 equipment lease facility to help Physicians’ Hospital acquire new equipment to open its eleventh healthcare facility. “Closing a transaction that involves multiple lenders and dozens of vendors is always a challenge” stated Eric Starr, Partner, CapX Partners.
