Springhill Health Services, Mobile, AL

  • Beckie Crawford, CFO
  • : Refinance
  • :$28MM
  • Springhill Health Services is a private 252 bed hospital, complete with a medical-surgical healthcare facility serving the greater Southwest Alabama region. CMAC was called in after Springhill had negotiated a substantial reduction from their then current bank. As a result of CMAC’s efforts both the incumbent and competing banks offered rates and terms considerably lower than Springhill had done on their own, generating a savings of about $2MM over the 10 year term. Additionally personal guarantees were not required.
  • : www.springhillmedicalcenter.com