San Diego Business Journal

BofI Sets Up Healthcare Finance Unit

Friday, April 26, 2013

BofI Holding Inc., the San Diego-based parent of BofI Federal Bank, said it recently launched a healthcare finance unit that will focus on financing solutions to lower and middle market healthcare providers with needs ranging from $1 million to $30 million.

The unit that is part of BofI’s commercial and industrial lending division will offer a comprehensive suite of asset-backed financing as well as real estate, equipment and inventory financing to healthcare companies throughout the U.S., the company said.

The new unit is headed by James Irwin Jr., founder and president of MC Healthcare Finance and Meridian Healthcare Finance.

The unit will provide financing to all segments of the industry including hospitals, skilled nursing facilities, behavioral health, home health, pharmaceutical laboratories, senior housing, hospice, long term acute care facilities and others, BofI said.

— SDBJ Staff Report