Streamline Health(R) Announces New Credit Facility with Bridge Bank

Streamline Health Solutions, Inc. (NASDAQ: STRM), provider of integrated solutions, technology-enabled services and analytics supporting revenue cycle optimization for healthcare enterprises, today announced it has moved its credit facility to Bridge Bank, a division of Western Alliance Bank, effective December 11, 2019. Bridge Bank has extended the Company a new credit facility with a total capacity of $6 million. This credit facility replaces the Company's prior credit facility with Wells Fargo Bank N.A.

The new credit facility consists of a $2 million revolving line of credit and a $4 million term loan. The line of credit will have a two-year term with advances limited to 80% of eligible accounts receivable as defined in the credit facility documentation. The term loan, which will have a 4-year term, will be interest-only for the first 12 months with monthly amortization payments beginning on the 13th month following closing. The term loan will be subject to mandatory prepayment upon the occurrence of certain corporate transactions by the Company.

"As discussed in previous earnings calls, we are pleased to begin a new relationship with Bridge Bank," stated Tee Green, Chief Executive Officer, Streamline Health. "This new credit facility represents another building block in our vision for the Company's go-forward capital structure. Over the past few months we have successfully completed a capital raise which enabled us to retire the preferred shares at a discount. This new credit facility helps us lower our total cost of capital and enhances our ability to further invest in the development and growth of our eValuator" technology."

About Streamline Health

Streamline Health Solutions, Inc. (NASDAQ: STRM) is a healthcare industry leader in capturing, aggregating, and translating enterprise data into knowledge - producing actionable insights that support revenue cycle optimization for healthcare enterprises. We deliver integrated solutions, technology-enabled services and analytics that empower providers to drive revenue integrity in a value-based world. We share a common calling and commitment to advance the quality of life and the quality of healthcare - for society, our clients, the communities they serve, and the individual patient. For more information, please visit our website at www.streamlinehealth.net