CCS Medical, Inc., a Clearwater, FL-based provider of medical supplies, has received a $35m revolving line of credit from GE Capital, Healthcare Financial Services.
The loan will be used to refinance existing debt, provide working capital and support growth initiatives following the company’s exit from Chapter 11 bankruptcy protection on March 31, 2010.
CCS Medical provides medical supplies assisting patients that need diabetes test strips, insulin pumps, urological supplies, ostomy supplies, advanced wound care dressings and prescription drugs.
Commenting on the deal, Steve Saft, Chief Administrative Officer and Chief Financial Officer of the company, was quoted as saying: “This new facility from GE will help us to invest in the business and compete successfully in our industry”.
FinSMEs
06/04/2010