TruBridge, a leading provider of revenue cycle management and healthcare technology solutions for rural and community healthcare organizations, announced the refinancing of its credit facilities through a new Amended and Restated Credit Agreement, referred to as the 2025 Credit Agreement, with its group of syndicated lenders.
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Regions Bank will act as Administrative Agent and Collateral Agent for the agreement. The new five-year credit arrangement, which runs through November 2030, provides up to $250 million in senior credit facilities. Key updates include an increase in the maximum borrowing capacity under the revolving credit facility from $160 million to $180 million and an increase in the outstanding principal balance of the term loan facility from $54 million to $70 million. Following the execution of the 2025 Credit Agreement, TruBridge’s total outstanding debt under the facilities is $168 million, consisting of a $70 million term loan and a $98 million revolver.
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Vinay Bassi, chief financial officer of TruBridge, highlighted that the company has strengthened its financial position and flexibility over the past two years. He noted that the new credit agreement further enhances financial flexibility and creates more opportunities for growth. Bassi emphasized that the company remains disciplined in its approach to capital allocation, focusing on delivering higher value to all stakeholders. He added that with continued support from lenders, TruBridge is well-positioned to achieve strong financial results and support ongoing strategic initiatives.
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