GREENWICH, Conn. — CNH Finance LP, a specialty finance company headquartered in Greenwich, has acquired Triumph Healthcare Finance for an undisclosed price.
Based in Portland, Ore., Triumph Healthcare Finance is a division of TBK Bank SSB, which is itself a subsidiary of Triumph Bancorp Inc. (NASDAQ: TBK). The company invests in healthcare assets, with skilled nursing making up the bulk of the portfolio.
CNH Finance specializes in middle-market and lower-middle-market asset-based lending, providing clients with working capital up to $20 million to position them for future growth.
Jennifer Sheasgreen, who previously served as president of Triumph Healthcare Finance, will be named managing director and head of healthcare finance for CNH Finance. Edward Kauffman, who previously served as national sales manager for Triumph Healthcare Finance, will now hold the same title for CNH Finance.
Upon completion of the acquisition, Triumph Healthcare Finance will be integrated into CNH Finance, but will continue to be based out of Portland, Oregon.