CapitalSource Adds Three to Healthcare Finance Team - MonitorDaily

CapitalSource announced that it has expanded its Healthcare Real Estate and Healthcare Credit Groups with the addition of three new finance professionals.

Donald Kelly III, director, is a 16-year veteran of the seniors housing and long-term care industry and is based in Sarasota, FL. Prior to joining the Healthcare Real Estate team at CapitalSource, he was founding principal and managing partner of Energy Court Capital, a Sarasota-based advisory firm focused on the seniors housing and long-term care sectors.

Earlier in his career, Kelly held a variety of positions within the industry, including executive vice president of Covington Senior Living; senior vice president of acquisitions and development at Life Care Centers of America; senior originator at Merrill Lynch Capital?s Healthcare Finance Division, a division of Merrill Lynch Business Financial Services; and senior banker in the Health Care Finance Division at KeyBank.

Glenn Flinn rejoins the Healthcare Credit Group of CapitalSource as a director, reopening the Dallas office for the firm. Flinn was previously with CapitalSource for eight years, leaving in 2009. Prior to that, he held healthcare lending roles with GE Capital, Heller Financial and HealthCare Financial Partners.

Having closed over $1 billion in commitments throughout his career, Flinn brings 25 years of healthcare industry experience to the firm, including 18 years in healthcare lending.

Martin Golden, senior director, has been lending to the healthcare industry for more than 18 years. He joins the Healthcare Credit Group of CapitalSource from Marquette Healthcare Finance, a national commercial finance company focused on lending to the healthcare industry. Golden founded and led Marquette Healthcare Finance and had management responsibility for all facets of operations for the company.

Prior to Marquette, he was a managing director at Healthcare Finance at Wells Fargo Foothill, and before that was a senior vice president with GE Healthcare Financial Services. Golden will be based in the firm?s Portland, OR office.

?We are expanding our Healthcare team to better assist healthcare companies obtain the financing they need to grow and succeed,? said Steve Gilleland, managing director, at CapitalSource. ?Don, Glenn and Marty are seasoned professionals with solid industry experience structuring finance solutions for healthcare companies. They will be able to contribute immediately to our continued growth.?

CapitalSource provides senior debt from $3 million to $50 million through its wholly owned subsidiary, CapitalSource Bank. The Healthcare team has built a loan portfolio of $1.3 billion and, since 2000, has completed over $12 billion in funded transactions.

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Source: http://www.monitordaily.com/capitalsource-adds-three-healthcare-finance-team/

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