777 Partners has recapitalized Atlanta-based ML Healthcare, which helps provide medical funding to those who are uninsured or underinsured. No financial terms were disclosed. Croft & Bender served as financial adviser to ML Healthcare on the transaction.
Croft & Bender, an Atlanta-based investment banking and private equity firm, is pleased to announce the successful recapitalization of its client, ML Healthcare, by 777 Partners.
Headquartered in Atlanta, Georgia, ML Healthcare leverages its contracted network of healthcare providers, its ability to underwrite and fund the cost of the medical treatment for injured individuals unable to pay for care, and its proprietary technology platform to bridge a gap between attorneys, injured parties and physicians. With a focus on injuries typically resulting from no fault of their own, ML Healthcare’s medical funding enables individuals that are uninsured, or otherwise unable to afford high deductibles or co-pays associated with receiving medical care, to gain access to necessary medical services.
Croft & Bender served as the exclusive financial advisor to ML Healthcare on the transaction. “Croft & Bender has been a great partner throughout the transaction process. Their knowledge and expertise enabled us to achieve a very successful outcome.” said ML Healthcare CEO, Brian Craver. “The financing from 777 Partners provided liquidity to shareholders along with strategic capital that will accelerate our Company’s growth.”
“It has been a pleasure working with the ML Healthcare team,” commented Ronnie Goldman, Managing Director at Croft & Bender. “The combination of ML Healthcare’s proprietary technology platform and unique offering makes them a real leader in their industry.”