BHG Financial

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]

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

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. "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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