Advantage Capital Partners
New Markets Development Program Brings Renovations, Equipment to Bastrop, Louisiana Hospital
Published in Hospital and Nursing Home Week, January 22nd, 2009
Advantage Capital Partners, a leading venture capital and small business finance firm, announced that it has provided $4.6 million in financing to a rural hospital in Northeast Louisiana. The funding, raised in connection with the Louisiana New Markets Development program, will allow Morehouse General Hospital in Bastrop to add jobs, bring improvements to the emergency room and buy critical new x-ray, MRI and CT scan equipment. Advantage Capital expects to provide an additional $7.4 million construction loan to the hospital in early 2009.
"2008 was a tough year economically for Bastrop and many other Louisiana communities," said State Senator Mike Walsworth (R), West...
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