When Anthony Loumidis, the chief financial officer of Innovive Health, first received KeyBank’s term sheet proposal, he thought: “These terms are incredible.” Loumidis was in the market to secure financing to restructure the company’s debt and shore up its balance sheet. The search involved speaking with a half dozen potential lending sources, but KeyBank’s offer was unmatched.

“It wasn’t a difficult decision,” he said.

Eyeing company expansion
Loumidis joined Innovive Health, a Massachusetts-based full-service in-home care provider, in 2017, with the goal of readying the company to expand its service areas. One of the largest providers of skilled nursing in the state, Innovive Health focuses on serving patients with complex behavioral health challenges and multiple medical comorbidities that need daily attention. Serving this vulnerable patient demographic, Innovive completes more than 1.1 million patient care visits annually.

Innovive Health’s patients are considered “high utilizers,” because although they comprise approximately 5% of the population, they account for more than 50% of all costs across the healthcare continuum. Home healthcare organizations such as Innovive add value by providing equitable and critically needed care to this patient population in the lowest cost care environment: the home.

Click here to learn more about Innovive Health’s growth strategy and deal with KeyBank >> Innovive Health secures capital to support growth strategy | Modern Healthcare