CSI Financial Earning Healthy Profits on Loans to Hospital Patients

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00021167-csi-financial-earning-healthy-profits-on-/

As the San Diego Business Journal reminds us: The total of unpaid hospital debt is staggering. Yet San Diego-based CSI Financial Services makes its business ? and a profitable one, at that — extending credit to hospital patients, one of the highest risk sectors of lending.

CSI has more than 100 hospitals in 35 states as clients. ?We provide hospitals with an automated means to provide patients with loans at competitive rates,? said Chief Executive Officer Mitch Patridge.

CSI was founded in 1992, but Patridge and his partner, Mike Mines, acquired controlling interest in 2002. It has about 40 employees, including 18 in San Diego.