Streamline Health Solutions a provider of transformational data-driven solutions to help healthcare providers reduce exposure to risk, enhance clinical, financial and operational performance, announced it finalized the terms of a new credit facility with Wells Fargo. The new facility consisted of a fixed rate $10 million senior term loan with an interest rate of approximately 6.5% and a $5 million revolving line of credit.
“We are pleased to work with Wells Fargo given their solid track record of assisting public and private companies of our size and in the healthcare information technology industry,” stated Robert E. Watson, president and CEO of Streamline Health. “This new credit facility adds further resilience to our balance sheet and enhances our flexibility to continue executing on our five-year strategic plan.”
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