Viemed increases liquidity options
By HME News Staff
Updated Tue March 26, 2019
LAFAYETTE, La. - Viemed Healthcare has amended a two-year commercial business loan agreement, increasing its line of credit to $10 million. “We are pleased to announce the increase in our line of credit to $10 million, which gives us more liquidity as we continue our rapid growth around the country,” said CEO Casey Hoyt. “Being that we have remained undrawn on this loan since inception, we do not anticipate needing to utilize it in the near term; however, it is nice to have additional liquidity options as we continue to execute our plan.” The agreement is with Whitney Bank, a Mississippi state chartered bank, and will carry an interest rate that is based on one month ICE LIBOR plus 3% per annum form date of advance until paid. Any amounts advanced will be secured by substantially all of the company's assets. During a recent earnings call, Viemed detailed its plans to expand into oxygen and sleep therapy.
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