LONDON & PACIFIC HEALTHCARE provides Debtor-in-Possession Financing for DRMC

Sep 30 2009

LONDON & PACIFIC HEALTHCARE, INC. (PINK SHEETS: LDPH) (FRANKFURT: EGU) today announced that its subsidiary, London & Pacific Capital Advisors, served as a placement agent and financial advisor to Downey Regional Medical Center Hospital (“DRMC”), in securing a $10.0 Million Debtor-in-Possession Financing through Healthcare Finance Group.

Eric Weissman, President of London & Pacific Capital Advisors, said, "We are pleased to have been able to provide Downey Regional Medical Center with Debtor-in-Possession financing in a challenging economic environment. This transaction also underscores the importance of sector-specific expertise and experience in selecting an investment bank."