New Markets Development Program Brings Renovations, Equipment to Bastrop, Louisian...(hospitaland the rural community patients...),Health

"The Morehouse General Hospital financing is a prime example of how the state's New Markets Development program is working in rural Louisiana communities," said Michael Johnson, managing director at Advantage Capital Partners in New Orleans. "It's so important to the community to have this hospital -- and with the improvements Morehouse will make, the hospital should be able to increase revenue in the near future."

Services currently provided by the hospital include inpatient medical, surgical and intensive care services, outpatient surgery, emergency care, radiology, cardiology, ophthalmology, orthopedics, pediatrics, obstetrics/gynecology, endoscopy, hyperbaric and wound care treatment and more.

Advantage Capital made its investment in the Morehouse General Hospital through BizCapital, the firm's small business lending arm and its Louisiana vice president of business development, Richard Pearce. The financing was made in connection with the Louisiana New Markets Development program and the federal New Markets Tax Credit program. These innovative initiatives have facilitated the flow of billions of dollars of private capital into states and communities in need of economic development. In turn, these investment activities help to grow the local tax base, create job opportunities for local residents and develop a base of wealth from which these communities can continue to expand.

About Advantage Capital Partners

Advantage Capital Partners (http://www.advantagecap.com) is a leading venture capital and small business finance firm focused on early stage companies and other investments supporting state and local economic development efforts. With offices and partners in New Orleans, St. Louis, Austin and other U.S. cities, Advantage has raised more than $1 billion in
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