Tuesday, September 4, 2007

Press Release from ABFJournal.com

New Entrant: Healthcare Collateral Consulting Opens for Business


http://www.abfjournal.com/story.asp?id=20633


Tuesday, September 04, 2007 - Healthcare Collateral Consulting, LLC (HCC) announced it has been established as a new outsourcing strategy for healthcare lenders. The firm provides outsourced due diligence services including field examinations, credit, underwriting, risk analysis and account management for healthcare lenders, including banks, asset-based lenders, private equity and institutional investors. HCC's associates have extensive healthcare experience in credit, collateral, underwriting, audit, workout management, operations, and account management. The company's healthcare knowledge provides lenders with additional insight into healthcare trade risks that cannot be provided by most other accounting or audit firms. "Many of the players in healthcare lending are focusing on booking transactions without adequate back-office and due diligence support, which has created a void in the marketplace for the type of due diligence and account management services we offer," said David J. Lacasse, president and managing director at HCC. "HCC's services are designed to provide a customized solution from healthcare finance professionals." Lacasse has more than 11 years of experience in asset-based lending and healthcare finance, most recently managing the loan portfolio for a prior healthcare finance business since 2004. Healthcare Collateral Consulting, LLC has mission to provide superior, cost effective, value added services to our clients. HCC is committed to establishing strong relationships with its clients and providing innovative outsourcing solutions with the highest quality of service. HCC's services are designed to provide a customized solution and include: collateral exams, financial assessments, performance & loan compliance reviews, portfolio/account management, underwriting/due diligence, scheduling engagements & staffing, UCC research, facility survey monitoring, revolving line of credit simulation, and hard-asset verifications.

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