Wednesday, October 24, 2012

Homecare Homebase Gets $75M In Debt Financing

Dallas-based Homecare Homebase, a developer of software for the home health and hospice industry, has raised $75M in a senior secured credit facility, according to financier CIT Group Inc. Terms of the debt were not announced. CIT said the facility will go to refinance debt and fund a dividend payment to shareholders. Homecare Homebase provides technology for the homecare and hospice industry, including software for tracking patient vitals and progress, wound management, electronic medical records, and other functions.