Specialty finance company CapX Partners has provided $11.175 million in financing to 21st Century Oncology. Based in Fort Myers, Florida, 21st Century Oncology is provider of cancer care services.
Chicago, IL, February 20, 2014- 21st Century Oncology is the largest global, physician led provider of integrated cancer care services headquartered in Fort Meyers, Florida. It provides advanced radiation therapy and other services to cancer patients in the United States and Latin America. In recent years, the Company has successfully expanded and has penetrated new markets, and was now looking to fund both immediate and short-term equipment growth capital needs. They turned to CapX Partners for growth capex to allow them to capitalize on significant growth opportunities. CapX provided a $11,175,000 equipment sale leaseback facility.
“21st Century Oncology is a leader and innovator in cancer treatment. The company’s approach to creating a comfortable and considerate environment for patients is inspiring. We look forward to working with the company for many years to come.” said Eric Starr, Partner, CapX Partners.
21st Century Oncology offers a comprehensive range of radiation treatment alternatives, focused on delivering academic quality, cost-effective patient care in a personal and convenient setting. In total, the Company operates 179 treatment centers, including 145 centers located in 16 U.S. states, strategically clustered in 28 local markets. The Company also operates 34 centers located in six countries in Latin America. 21st Century Oncology holds market leading positions in most of its domestic local markets and abroad.
“CapX moved quickly to understand our business and our capital requirements. Working with a new lender can often times be stressful, but CapX’s professionalism throughout the process was commendable. We look forward to working with them on future opportunities.” said Frank English, Treasurer, 21st Century Oncology.
About CapX Partners
Founded in 1999, CapX Partners is a specialty finance company that focuses on private equity and venture backed portfolio companies looking for debt financing in the $2-$20 million range. CapX favors manufacturing, distribution, technology, energy and healthcare industries with an emphasis on revenue producing fixed assets. For more information on CapX, visit www.capxpartners.com or contact Barrett Carlson at 312.893.7410.