Sun Capital Group Appoints Jim Beutel As Senior Vice President, Sales & Business Development

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Nationwide Financial Services Leader Specializing In Medical Accounts Receivable Funding Promotes Jim Beutel

Sun Capital Group, Inc. (SCG) has named Jim Beutel Senior Vice President, Sales and Business Development. The announcement was made by Peter R. Baronoff, SCG Chief Executive Officer.

In his new position, Beutel is responsible for strategic development and implementation of a comprehensive sales program to increase the accounts receivable funding portfolio of Sun Capital HealthCare, Inc., as well as manage the business development staff for Sun Capital Group, which is the marketing organization for Sun Capital HealthCare, Inc. and Sun Capital, Inc.

"Jim has a track record of accomplishments and proven expertise in business development for national 'business-to-business' companies that specialize in the healthcare and commercial industries," said Baronoff. "We are confident that Sun Capital Group is poised, under his leadership, for enhanced market education and increased national penetration. When included as a component within a comprehensive financial strategy employed by healthcare and commercial companies, accounts receivable funding is an alternative funding source to business loans, and can provide significant working capital for growth, expansion or survival. Jim has the background, strategic mindset, relationships, best practices and reputation to continue to increase mutually beneficial opportunities for Sun, and our current and prospective clients."

Beutel brings more than three decades of sales and marketing experience to SCG, serving in a variety of leadership capacities for both privately held and public commercial and healthcare companies. During his tenures as Chief Sales Officer, Vice President of Sales, International Sales Account Manager, National Sales Account Manager and Regional Sales Manager, he has generated in excess of $500 million in sales revenues with more than $300 million of that in the healthcare industry. Prior to joining Sun, he served as Vice President of Healthcare Sales and Marketing for Collect America/Healthcare Funding Solutions based in Denver, CO, and served as Vice President of Healthcare Sales for West Asset Management based in Sherman, TX.

"I have long been watching and recognizing Sun Capital Group's growth and leadership in the specialized field of medical accounts receivable funding," noted Beutel. "Having witnessed Sun's professionalism, client servicing, and the demonstrated strategic benefits of this source of alternative funding to business loans. Sun provides healthcare clients, from hospitals and physician groups to ambulatory surgical centers, MRI companies, labs, medical transportation companies, DME/HME businesses, etc., with the working capital strategies they need to succeed. I am extremely proud and enthusiastic about being a part of this dynamic organization. The commitment and expertise of Sun's senior management and seasoned client servicing team is exemplary. I look forward to working directly with clients as well as with their teams of industry-related operations, turnaround management, accounting, and legal professionals who are in pursuit of growth, and when needed, survival."

SCG is a leading nationwide financial services company specializing in customized cash- flow solutions for the working capital needs of the commercial and healthcare industries. Its accounts receivable funding program, by transforming an organization's accounts receivable into a cash flow solution for generating working capital rather than an obstacle to growth and profitability is an effective and debt-free funding alternative to traditional business loans Sun Capital Group is headquartered at 999 Yamato Road, Third Floor, Boca Raton, FL 33431. For more information, please call (800) 880-1709 or email Jim at jim @ suncapital.com.

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Jay Berkowitz
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