Stearns Healthcare Finance

stearns bank made the decision to exit the healthcare finance space. stearns healthcare finance, was a division of stearns bank, n.a., specialized in helping smaller middle-market healthcare companies, hospitals, nursing homes, home health agencies, physician group and other providers of goods and services to the healthcare industry that would benefit from: •revolving lines of credit secured by insurance, government or contract accounts receivable •term loans secured by inventory •equipment finance or lease programs we financed healthcare deals from $1 million to $10 million. funds may be used for a variety of purposes, including turnarounds, restructurings, m&a financing or general working capital.