GB Merchant Partners Provides a Multi-million Dollar Commitment to Carepoint Financial Services

Press Release
Boston, MA – The Debt Investment Group of GB Merchant Partners, the investment management affiliate of Gordon Brothers Group, announced today the completion of a multi-million commitment to Carepoint Financial Services, LLC. This loan will be supported by the Company’s assets, specifically accounts receivable.

“The financing from GB Merchant Partners will allow us to continue to grow our business,” stated Larry Sherman, Chief Executive Officer of Carepoint Financial.

“We are honored to contribute to the continued success of Carepoint,” added Lawrence Klaff, Principal & Managing Director at GB Merchant Partners. “We look forward to witnessing their future growth in this niche industry.”

Carepoint Financial is a financial services company that specializes in sourcing, acquiring and managing portfolios of medical receivables.

About Carepoint Financial Services, LLC
Carepoint Financial is a financial services company that specializes in sourcing, acquiring and managing portfolios of medical receivables. The claims are typically purchased from medical providers, healthcare institutions (including hospitals and surgery centers), and diagnostic centers.

About GB Merchant Partners, Debt Investment Group

The Debt Investment Group of GB Merchant Partners (www.gbmerchantpartners.com), the investment management affiliate of Gordon Brothers Group, invests in structured and secondary debt. Structured debt investments in the form of senior, unitranche, second lien or mezzanine loans made to middle-market companies in need of capital to effect strategic change. Target industries include aerospace, automotive, commodities, consumer products, forest products, gaming, industrial equipment, manufacturing, real estate, restaurants, retail, and wholesale/distribution.