Antares provided financing to back Lee Equity Partners’ acquisition of two urology groups Integrated Medical Professionals and The Urology Group to form Solaris Health. No financial terms were disclosed. Solaris Health is a provider of urological and other specialty services. Antares was the lead arranger on the credit facilities.
CHICAGO–(BUSINESS WIRE)–Antares announced today that it served as lead arranger and is acting as administrative agent on senior secured credit facilities to support the acquisition of Integrated Medical Professionals (“IMP”) and The Urology Group (“TUG”) by Lee Equity Partners to form Solaris Health.
Solaris Health is one of the nation’s largest independent providers of urological and other specialty services. The partnership aligns the skills and talents of over 150 providers who have more than 525,000 patient encounters a year at more than 60 sites in New York, Ohio, Kentucky, and Indiana.
“From our prior experience working with Antares, we know the team to commit quickly and deliver,” said Mark Gormley, partner with Lee Equity Partners. “Their knowledge of physician practice management was key in understanding our investment strategy and providing a financing package to meet our needs.”
“We’re pleased to once again work with Lee Equity Partners in support of their investment in the Solaris Health platform,” said Graham Manley, managing director with Antares. “The combined scale that IMP and TUG bring to bear in addition to the extensive healthcare experience of Lee Equity Partners will be key drivers in transforming urology care across the U.S.”
With approximately $27 billion of capital under management and administration as of December 31, 2019, Antares is a private debt credit manager and leading provider of financing solutions for middle-market private equity-backed transactions. In 2019, Antares issued approximately $17 billion in financing commitments to borrowers through its robust suite of products including first lien revolvers, term loans and delayed draw term loans, 2nd lien term loans, unitranche facilities and equity investments. Antares’ world-class capital markets experts hold relationships with more than 400 banks and institutional investors allowing the firm to structure, distribute and trade syndicated loans on behalf of its customers.
Since its founding in 1996, Antares has been recognized by industry organizations as a leading provider of middle market private debt. The company maintains offices in Atlanta, Chicago, Los Angeles, New York and Toronto. Visit Antares at www.antares.com or follow the company on LinkedIn at http://www.linkedin.com/company/antares-capital-lp. Antares Capital is a subsidiary of Antares Holdings LP, (collectively, “Antares”).