March 21, 2018

Greenwich specialty financier acquires Oregon healthcare lender

Greenwich-based specialty finance company CNH Finance LP has expanded its national commercial healthcare lending business by acquiring Triumph Healthcare Finance.

Terms of the deal with Triumph Healthcare Finance of Portland, Ore., a division of TBK Bank SSB, a subsidiary of Dallas-based Triumph Bancorp Inc., were not released.

CNH Finance specializes in middle-market and lower-middle-market asset-based lending, providing clients with working capital up to $20 million.

The healthcare team of Triumph Healthcare Finance will join the CNH Finance team, combining efforts to expand healthcare lending nationwide, CNH said. Triumph Healthcare Finance will be integrated into CNH Finance upon completion of the deal, but will remain based in Portland.

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