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Follow on Google News | Hygea Holdings Corp. Secures Additional $5 Million Line of CreditAdditional Liquidity To Assist with Expansion Efforts. Hygea Holdings Corp announced its new line of credit with Fifth Third Bank.
By: Hygea Holdings Corp. “This new credit arrangement provides Hygea with the liquidity and financial flexibility we need to continue its expansion efforts,” said Manuel Iglesias, Chief Executive Officer for Hygea Holdings Corp. “Fifth Third Bank has been a trusted partner and we appreciate their confidence in our ability to rapidly expand our acquisitions of new medical practices and physician networks,” Iglesias added. About Hygea Holdings Corp. Hygea is a diversified healthcare holding company led by a team of nationally recognized industry leaders with backgrounds in insurance, finance, medicine, law and technology. The company owns physician practices, ancillary medical services, such as pharmacy, physical therapy, and diagnostics, as well as a 2,000-doctor independent physician association (IPA). Hygea prides itself as ‘the physician’s choice’ in group healthcare, as evidenced by the number of acquired physicians who then choose to invest in the firm. Hygea’s business model applies best practices at every stage of healthcare delivery to reduce inefficiencies and improve outcomes, providing seamless care to commercial, Medicare, and Medicaid patients. For more information, visit www.hygeaholdings.com. About Fifth Third Bank Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $139 billion in assets and operates 15 affiliates with 1,302 full-service Banking Centers, including 101 Bank Mart® locations, most open seven days a week, inside select grocery stores and 2,638 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third’s common stock is traded on the NASDAQ® Global Select Market under the symbol "FITB." Fifth Third Bank was established in 1858. Member FDIC. Forward-looking statements Certain statements and information in this press release may be deemed to contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may include, but are not limited to, statements relating to our objectives, plans and strategies, and all statements, other than statements of historical facts, that address activities, events or developments that we intend, expect, project, believe or anticipate will or may occur in the future. These statements are often characterized by terminology such as “believe”, “hope”, “may”, “anticipate” End
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