Wells Fargo breaks $1 billion barrier in healthcare market

Wells Fargo Capital Finance has agreed a $100 million credit facility for Apria Healthcare Group, in a deal which brings the lender’s healthcare finance portfolio over the $1 billion mark for the first time. Apria is one of the leading providers of home respiratory services and certain home medical equipment cross the US, providing oxygen therapy, sleep apnea services and advanced wound therapies. With more than 400 locations throughout the US and more than 1.2 million patients served each year, Apria is a leader in the homecare industry.

“Wells Fargo Capital Finance provided us with a creative and flexible financing package that helps leverage our existing asset base for future growth,” said Debra Morris, CFO of Apria Healthcare Group. “Our sector of the healthcare industry continues to experience significant change. It is important for us to have a lender that understands these dynamics and we are pleased with Wells Fargo’s healthcare expertise.”

In recent months, Wells Fargo Capital Finance’s Healthcare Finance team has provided financing to healthcare companies in various sectors such as long-term care, acute care, hospice and imaging. These include: Ensign, Kindred, Nipro Diagnostics, Lantheus Medical Imaging, Consulate Health Care, and Bristol Hospice.