Bankers Healthcare Group, LLC
TypePrivate
IndustryFinancial services
Founded2001
FounderEric Castro, Bobby Castro, Albert Crawford
HeadquartersDavie, Florida
Area served
United States
Websitebhgfinancial.com

BHG Financial, LLC (originally known as Bankers Healthcare Group)[1] is an American company that provides financial lending services, debt collection services, risk and regulatory management services and private equity & venture capital valuation processes.[2]

History

The company was co-founded in 2001 as Bankers Healthcare Group, Inc.[3] under the leadership of co-founding partners Bobby Castro,[4] Eric Castro and Al Crawford.[5]

Headquartered the South Florida, Broward County in the town of Davie, Florida,[6] Bankers Healthcare Group, LLC also has office locations in Syracuse, New York[7] and Midtown Manhattan, New York City.[8][9][10]

In February 2015, Pinnacle Financial Partners, acquired a 30 percent interest in BHG for $75 million.[11] In February 2016, Pinnacle purchased an additional 19% of BHG for $144 million worth of cash and stock.[12]

Since 2005, BHG has been ranked on the Inc 5000 list over ten times.[13] In 2016, BHG's Davie location was named the best place to work by the South Florida Business Journal.[14] In March 2017, BHG ranked #9 on Fortune’s 40 best companies in financial services.[15]

In April 2022, the company officially changed its name from Bankers Healthcare Group to BHG Financial.[16]

Services

BHG Financial is a direct lender that provides financing to licensed healthcare professionals[17] such as physicians, dentists and veterinarians.[18][19]

In 2011, the company introduced a credit card option to support healthcare professionals.[18]

In 2015, BHG launched a sister company, BHG Insurance Services, to provide personal and commercial insurance coverage to healthcare professionals.[20]

BHG Financial currently operates six subsidiary financial brands, BHG Money for loans and credit cards, BHG Bank Network for bank loan deliveries, NaluPay for point-of-sale financing, Fund-Ex Solutions Group for small business funding, Risk Management Solutions Group for risk management, and consumer lending platform BHG Connect.[21][22]

Founders

Eric Castro was born in the Bronx, New York. He met Al Crawford and joined forces to form Bankers Healthcare Group (BHG).[23]

References

  1. ↑ Wilkins, Glenn (September 7, 2022). "Pinnacle Gains on Citation by Fortune Magazine". Baystreet.ca.
  2. ↑ Moriarty, Rick (March 9, 2021). "Bankers Healthcare Group to add more than 600 jobs in 2021, many in Syracuse". Syracuse.
  3. ↑ "Bankers Healthcare Group Inc". Bloomberg.
  4. ↑ "Bankers Healthcare Group Settles in at its New Corporate Headquarters in South Florida". Bankers Healthcare Group. December 2, 2012.
  5. ↑ "How Albert Crawford and his partners delegate to a new leadership to grow Banker's Healthcare Group - Smart Business Magazine". Smart Business Magazine. Retrieved 2018-10-19.
  6. ↑ "Bankers Healthcare Group Settles in at its New Corporate Headquarters in South Florida". Bankers Healthcare Group. December 2, 2015.
  7. ↑ Moriatry, Rick (March 9, 2021). "Bankers Healthcare Group to add more than 600 jobs in 2021, many in Syracuse". Syracuse.
  8. ↑ "Bankers Healthcare Group Expands its New York City National Sales Office". Bankers Healthcare Group. January 21, 2016.
  9. ↑ "Bankers Healthcare Group CEO has a "dream" with firm's upcoming expansion". Central New York Business Journal. Retrieved 2022-05-30.
  10. ↑ "Bankers Healthcare Group reaches $1 billion in loans". Central New York Business Journal.
  11. ↑ Lincoff, Nina. "Majority interest of Davie healthcare group acquired by Nashville company for $75M". South Florida Business Journal. Retrieved 16 April 2015.
  12. ↑ Minaya, Ezequiel. "Pinnacle Financial to Raise Stake in Bankers Healthcare Group to 49%". Wall Street Journal. Retrieved 17 March 2016.
  13. ↑ "The votes are in, and Bankers Healthcare Group is one of America's Best Workplaces of 2018!". Inc.com. Retrieved 2018-10-19.
  14. ↑ "SFBJ's Best Places to Work 2016 Winner: Large Companies". South Florida Business Journal. Retrieved 17 March 2016.
  15. ↑ "40 Best Companies in Financial Services". Fortune. Retrieved 2017-05-26.
  16. ↑ "Bankers Healthcare Group Solidifies Name Change to BHG Financial". bankershealthcaregroup.com. March 17, 2022.
  17. ↑ "Bankers Healthcare Group expands in Franklin Square". syracuse.com. Retrieved 2018-10-19.
  18. 1 2 "Eric R. Castro, Robert T. Castro & Albert C. Crawford, founders, Bankers Healthcare Group Inc. - Smart Business Magazine". Smart Business Magazine. Retrieved 2018-10-19.
  19. ↑ "BHG Loan Review: Practice Loans, Physician Personal Loans & More". LeverageRx. Retrieved 2022-05-30.
  20. ↑ "Bankers Healthcare Group Launches Agency for Healthcare Professionals". Insurance Journal. 2015-06-19. Retrieved 2018-10-19.
  21. ↑ "Elite Members and Business Associate Membership | Iroquois Healthcare". Retrieved 2022-05-30.
  22. ↑ Goff, Stan (2020-04-24). "In tough times, the dental industry bands together". Dental Products Report. Dental Products Report May 2020. 54 (5).
  23. ↑ Linhorst, Stan (June 21, 2016). "Al Crawford on leadership: Build a cohesive team, create clarity, communicate it clearly". Syracuse.
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