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CNH Finance to acquire Triumph Healthcare Finance

Greenwich, Conn.-based CNH Finance LP is acquiring Portland, Ore.-based Triumph Healthcare Finance, a division of TBK Bank SSB.

The terms of the deal were not disclosed in the press release.

Triumph Healthcare Finance will be integrated into CNH Finance upon deal completion but will continue to be based out of Portland.

The healthcare team of Triumph Healthcare Finance includes Jennifer Sheasgreen, who previously served as president of Triumph Healthcare Finance and will be named managing director and head of healthcare finance for CNH Finance and Edward Kauffman, who previously served as senior vice president and national sales manager and will hold the same title for CNH Finance.

TBK Bank, a unit of Triumph Bancorp Inc., had $3.47 billion in assets as of Dec. 31, 2017.