Dext Capital kicked off Q4/21 with a $16 million funding facility for a not-for-profit hospital with more than 500 beds and a Level 2 trauma and Level 3 neonatal intensive care unit.

The hospital will utilize the financing for staffing, essential use hardware acquisitions, remote nursing, transitional care management, safety companion virtual services and remote services for nursing.

“I am pleased that Dext was able to offer this solution to the hospital, saving them valuable funds to be used for other essential needs,” Brad Stern, vice president of sales at Dext Capital, said. “With this transaction, timing was extremely important. Dext Capital quickly deployed our internal experts and turned around this transaction in a matter of days, providing a great solution for the hospital. Another example of our flexible, future forward thinking and our ability to serve the healthcare community with creative financing.”