We know the importance of keeping businesses healthy
The healthcare sector in the U.S. is undergoing significant transformation, marked by strong growth, increasing complexity, and a greater need for financing solutions.1 For healthcare companies to keep growing in this evolved business landscape, smart and comprehensive banking solutions are more essential than ever.
Financial solutions for the healthcare industry
Includes the top 500 hospitals in the U.S.
We deliver essential healthcare financing solutions, including:
- Capital for growth in outpatient operations and IT investments
- Treasury management solutions to help improve revenue cycle
- Investment solutions, and direct fixed income investments2
- Money market deposits
For-profit healthcare companies
Includes healthcare services, med-tech and pharmaceutical companies
We deliver critical financial solutions, including:
Case study: VSP Global
Founded in 1955 and headquartered in Rancho Cordova, CA, VSP is the nation's only not-for-profit vision insurance company. When VSP's eyewear design and manufacturing arm sought additional capital in 2011 to support ongoing operations and fund future acquisitions, they selected Bank of the West to join their existing syndication group with a $25MM commitment based on the team's responsiveness and the Bank's history as a VSP customer. In 2014, Bank of the West demonstrated its confidence in VSP by stepping in with an additional $45MM to fill the gap created by another syndication member decreasing its position.
The relationship has since deepened, with Bank of the West's merchant credit card team delivering processing solutions and the capital markets team generating an attractive return on a $20 million deposit from a VSP subsidiary.
"Bank of the West has been a responsive and dedicated partner when we've needed them, increasing their capital commitment to give us additional stability and flexibility so we can keep growing our business."
CFO, VSP Global
The BNP Paribas global network
Access to one of the world’s largest financial groups4
As the healthcare sector continues to consolidate, transform and expand, we can help connect for-profit healthcare companies serving a global market to the global network of our parent company, BNP Paribas. Not-for-profit hospitals can also benefit from Bank of the West’s high credit quality, and the ability to provide long-term loans for tax-exempt funding purposes.1,5,7
1Credit subject to approval.
2Certain capital markets and investment products referred to in this document are: (i) not insured by the Federal Deposit Insurance Corporation (“FDIC”); (ii) not deposits or other obligation of the financial institution and are not guaranteed by the financial institution; and (iii) subject to investment risks, including possible loss of the principal invested.
3Client was not compensated for testimonial.
4Bankrate.com, “The Largest Banks in the World” (Q4 2015).
5As of Q2 2016, Bank of the West’s total assets were $80.7 billion and its Standard & Poor’s long-term issuer credit rating was A-.
6BNP Paribas (April 2016): http://www.bnpparibas.com/en/about-us.
7Consult your tax advisor.