Bankers Healthcare Group

Bankers Healthcare Group
Private
Industry Financial Services
Founded 2001
Founder Al Crawford, Bob Castro, Eric Castro
Headquarters Davie, Florida
Area served
 United States
Website www.bhg-inc.com

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:

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

  1. 1 2 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.
  2. ↑ "Locations". Bankers Healthcare Group. Retrieved 1 September 2014.
  3. ↑ Moriarty, Rick. "Syracuse agency approves tax exemptions for financial services company moving to Franklin Square". Syracuse.com. Retrieved 3 September 2014.
  4. 1 2 "Bankers Healthcare Group reaches $1 billion in loans". CNY Business Journal.
  5. 1 2 "Bankers Healthcare Group". Inc. Retrieved 2 September 2014.
  6. 1 2 "Company: Career Opportunities". Retrieved 18 March 2016.
  7. ↑ "Bankers Healthcare Group Named Central New York's Best Place to Work". The Business Journals. Retrieved 3 September 2014.
  8. ↑ "Bankers Healthcare Group Among Best Places To Work For Second Straight Year". Reuters. Retrieved 3 September 2014.
  9. ↑ "SFBJ's Best Places to Work 2016 Winner: Large Companies". South Florida Business Journal. Retrieved 17 March 2016.
  10. ↑ Lincoff, Nina. "Majority interest of Davie healthcare group acquired by Nashville company for $75M". South Florida Business Journal. Retrieved 16 April 2015.
  11. ↑ Minaya, Ezequiel. "Pinnacle Financial to Raise Stake in Bankers Healthcare Group to 49%". Wall Street Journal. Retrieved 17 March 2016.
  12. ↑ "Company: History & Mission". Bankers Healthcare Group. Retrieved 1 September 2014.
  13. ↑ "Bankers Healthcare Group Launches Agency for Healthcare Professionals". Insurance Journal. Retrieved 18 March 2016.
  14. ↑ "Company: Associations". Bankers Healthcare Group. Retrieved 3 September 2014.
  15. ↑ "American Academy of Private Physicians". AAPP. Retrieved 16 April 2015.
  16. ↑ "Corporate Round Table". Hispanic Dental Association. Retrieved 2 September 2014.
  17. ↑ "Our Sponsors". Empire State Medical Association. Retrieved 2 September 2014.
  18. ↑ "Shop to Benefit". Operation Smile. Retrieved 3 September 2014.
  19. ↑ "BHG Continues Support of Team RWB and Wounded Veterans". Team RWB. Retrieved 3 September 2014.
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