Private equity firm Lovell Minnick Partners has made a majority investment in Global Financial Credit LLC, a commercial and consumer finance company for healthcare providers and consumers. Financial terms of the deal were not disclosed. This deal transaction marks as the fifth financial services investment by the PE firm in the first quarter.
Formed in 2002, Global Financial provides injury victims with cash advances without a credit or income verification check, all while they await their lawsuit settlements. The White Plains, New York-based target also provides healthcare suppliers with working capital. Through its MedChex and ChiroCapital brands, Global Financial helps physical therapy centers, chiropractors, and other healthcare providers receive payment for care rendered to accident victims.