PALO ALTO, Calif., May 15, 2012 (BUSINESS WIRE) –
Avidbank Corporate Finance, a Division of Avidbank, has provided
AUXILIO, Inc. (AUXO.OB) a $2 million line of credit for working capital
purposes to support its growth in the U.S. health care industry.
AUXILIO, Inc., based in Mission Viejo, California, is the premier
provider of managed print services for the health care industry, working
exclusively with hospitals and hospital systems throughout the U.S.
AUXILIO has experienced mounting and consistent growth in the U.S.
health care industry due to the company’s unique health care exclusive
and vendor neutral position in the MPS industry. The company is at the
forefront of providing hospitals with specialized knowledge of urgent
care print environments that ensures cost reduction, assistance with
e-records execution and on-site planning as a strategy partner to reduce
print volume substantially. (
“I am pleased that we were able to put this facility in place for
AUXILIO,” said Mike Hansen, Executive Vice President of Avidbank.
“AUXILIO is a great example of the companies that we are poised to fund.
They are a leader in their market and in a growth mode. We look forward
to being a part of their long-term success.”
“AUXILIO is pleased to have established a financial relationship with
Avidbank which truly understands our accelerated growth,” stated Joseph
J. Flynn, President and CEO of AUXILIO. “This financing gives us the
flexibility to execute on our business strategy as more health care
organizations turn to our company to support their cost-reduction goals
by implementing our MPS program.”
Our goal at Avidbank is to advance our clients’ success by offering
innovative financial solutions and service. Our experienced people
provide a unique and individualized banking experience based on mutual
effort, ingenuity and trust, creating long-term banking relationships.
Avidbank specializes in the following markets: commercial and
industrial, corporate finance, technology and asset-based lending, real
estate construction, commercial real estate lending and real estate
About AUXILIO, Inc.
AUXILIO, Inc. is the pioneer of managed printed services for the
health care industry, working exclusively with hospitals and hospital
systems throughout the United States. We are vendor independent and
provide intelligent solutions, a risk free program and guaranteed
savings. AUXILIO assumes all costs related to print business
environments through customized, streamlined and seamless integration of
services at predictable fixed rates that are unmatched in the industry.
We work collaboratively to assist our health care-partners in the
delivery of quality patient care. The service and solutions provided by
our on-site Centers of Excellence professional print strategy
consultants deliver unparalleled customer service across the industry.
For more information about AUXILIO, visit
Avidbank Steve Leen, 650-843-2204 Chief Financial Officer www.avidbank.com
Copyright Business Wire 2012