Draft:BHG Financial
| Company type | Private |
|---|---|
| Industry | Financial Services |
| Founded | 2001 |
| Founder | Al Crawford, Bob Castro, Eric Castro |
| Headquarters | Davie, Florida |
Area served | United States |
| Website | www |
Bankers Healthcare Group Inc. is a privately owned, American company that provides financing to healthcare professionals.
History
Bankers Healthcare Group was founded in 2001 by Albert Crawford, Robert Castro and Eric Castro.[1] The corporate headquarters is located in Davie, Florida, with the financial headquarters located in Syracuse, New York. BHG also holds a national sales office in New York City and regional sales offices in Chicago, Illinois and Denver, Colorado.[2][3]
In the last decade, the company has experienced growth of over 2,500 percent.[4] BHG has eight times been ranked as one of the fastest growing companies by Inc., including a top five ranking in 2005.[5] BHG has over 270 employees.[6]
In 2013, the CNY Business Journal honored Bankers Healthcare Group as Central New York’s Best Place to Work and again named them as a finalist in 2014.[7][8] In 2016, BHG’s Davie location was named the best place to work by the South Florida Business Journal.[9]
In February 2015, Pinnacle Bank, acquired a 30 percent interest in Bankers Healthcare Group for $75 million.[10] In February 2016, Pinnacle purchased an additional 19% of BHG for $144 million worth of cash and stock.[11]
Services
Bankers Healthcare Group is a direct lender that provides financing to those in the healthcare industry. The company works with physicians, dentists and veterinarians as well as other healthcare specialties.[5] BHG provides financing for commercial purposes including working capital, debt consolidation and expansion and improvement.
In 2011, the company introduced a credit card option intended to support the purchase of medical equipment, association/membership fees and continuing education for healthcare professionals.[4][1]
BHG has provided over $2 billion in funding and positions itself as a fast and efficient method to obtain working capital.[6][12]
In 2015, BHG launched a sister company, BHG Insurance Services, to provide personal and commercial insurance coverage to healthcare professionals.[13]
Associations and non-profit
Bankers Healthcare Group maintains financing partnerships with healthcare-related associations.[14] They include:
- American Academy of Private Physicians[15]
- Hispanic Dental Association[16]
- Empire State Medical Association[17]
BHG is also involved with non-profit organizations, primarily focusing on healthcare matters. The company has donated over 100 surgeries to Operation Smile, an organization that provides reconstructive facial surgeries to children.[18] BHG has also provided funding to Team Red, White & Blue to outfit wounded veterans with custom-fit exercise gear.[19]
References
- ^ a b Green, Laura. "How Albert Crawford and his partners delegate to a new leadership to grow Banker's Healthcare Group". Smart Business. Retrieved 1 September 2014.
- ^ "Locations". Bankers Healthcare Group. Retrieved 1 September 2014.
- ^ Moriarty, Rick. "Syracuse agency approves tax exemptions for financial services company moving to Franklin Square". Syracuse.com. Retrieved 3 September 2014.
- ^ a b "Bankers Healthcare Group reaches $1 billion in loans". CNY Business Journal.
- ^ a b "Bankers Healthcare Group". Inc. Retrieved 2 September 2014.
- ^ a b "Company: Career Opportunities". Retrieved 18 March 2016.
- ^ "Bankers Healthcare Group Named Central New York's Best Place to Work". The Business Journals. Retrieved 3 September 2014.
- ^ "Bankers Healthcare Group Among Best Places To Work For Second Straight Year". Reuters. Retrieved 3 September 2014.
- ^ "SFBJ's Best Places to Work 2016 Winner: Large Companies". South Florida Business Journal. Retrieved 17 March 2016.
- ^ Lincoff, Nina. "Majority interest of Davie healthcare group acquired by Nashville company for $75M". South Florida Business Journal. Retrieved 16 April 2015.
- ^ Minaya, Ezequiel. "Pinnacle Financial to Raise Stake in Bankers Healthcare Group to 49%". Wall Street Journal. Retrieved 17 March 2016.
- ^ "Company: History & Mission". Bankers Healthcare Group. Retrieved 1 September 2014.
- ^ "Bankers Healthcare Group Launches Agency for Healthcare Professionals". Insurance Journal. Retrieved 18 March 2016.
- ^ "Company: Associations". Bankers Healthcare Group. Retrieved 3 September 2014.
- ^ "American Academy of Private Physicians". AAPP. Retrieved 16 April 2015.
- ^ "Corporate Round Table". Hispanic Dental Association. Retrieved 2 September 2014.
- ^ "Our Sponsors". Empire State Medical Association. Retrieved 2 September 2014.
- ^ "Shop to Benefit". Operation Smile. Retrieved 3 September 2014.
- ^ "BHG Continues Support of Team RWB and Wounded Veterans". Team RWB. Retrieved 3 September 2014.