MidCap Financial announced Monday that it served as sole lead arranger and administrative agent in $53 million of financing to support the acquisition of Interactive Health Solutions. CI Capital Partners acquired Interactive health. MidCap Financial is a commercial finance company focused on middle-market healthcare deals.
MidCap Financial, LLC (“MidCap”), the nation’s leading commercial finance company focused exclusively on middle market healthcare companies, announced today that it served as Sole Bookrunner, Sole Lead Arranger and Administrative Agent in $53 Million senior secured credit facilities in support of the acquisition of Interactive Health Solutions, Inc. (“IHS”) by CI Capital Partners LLC. MidCap’s Leverage Loan team provides cash flow-based senior secured financing to support investments made by private equity sponsors in high quality, middle-market companies across the United States. CI Capital Partners is a North American private equity firm focused on building and expanding leading middle market businesses. CI Capital’s existing portfolio consists of companies which collectively generate annual revenue of approximately $4.0 billion, EBITDA of $350 million, and have more than 14,000 employees.
Interactive Health Solutions develops and offers wellness programs to employer groups focused on helping individual participants take accountability for their health, which over time, lowers healthcare costs for its customers. The IHS offering, which includes onsite biometric screening, telephonic health coaching and health compliance program management, has multiple benefits, including enhancing business performance, reducing the cost of medical benefits and increasing workforce productivity. Employers can save thousands of dollars annually per employee in premium and treatment costs as potential diseases are detected and managed while patients are still in low-risk health categories. IHS works with more than 1,000 fully-insured and self-insured companies with one million+ total employees.
About MidCap Financial, LLC
MidCap Financial is a commercial finance company focused on middle market lending in the broad national healthcare industry. MidCap specializes in $5 million to $200 million loans. The company is headquartered in Bethesda, MD, with offices in Chicago and Los Angeles, and focuses in four areas:
• Leveraged loans to healthcare companies backed by private equity sponsors;
• Working Capital loans to healthcare providers collateralized by third-party accounts receivable and other assets;
• Life Sciences loans, primarily to pharmaceutical, biotech, and medical device companies; and
• Real Estate loans to senior housing, skilled nursing facilities, and medical office buildings.