Nydic Open MRI gets $5 million revolver, $13.7 million term loan from Bridge Healthcare

By Jennifer Chiou

New York, July 11 - Bridge Healthcare Finance Bridge Opportunity Finance said it closed a $5 million revolving line of credit and a $13.7 million term loan for Nydic Open MRI of America, LLC.

Base in Montvale, N.J., Nydic Open MRI is a provider of magnetic resonance imaging services.

"This financing will allow us to continue to capitalize on the growing demand for diagnostic imaging services and remain competitive," said Lawrence Buchwalter, president and chief executive officer of Nydic, in a news release.

"We were looking for a financial partner who understood the intricacies of the diagnostic imaging business. Bridge Healthcare Finance demonstrated its expertise and closed this facility in a timely and efficient manner."

Chicago-based Bridge Healthcare provides loan products to the health care industry.

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