Monroe Capital said Aug. 14 that it provided financing for the recap of S&S HealthCare Strategies Ltd by Level Capital Partners. S&S, of Cincinnati, is a third party healthcare administrator.
Monroe Capital Independent Sponsor Vertical Supports Level Capital Partners’ Recapitalization of S&S HealthCare Strategies, Ltd.
Chicago, IL, August 14, 2018 – Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a $32.7 million credit facility and equity co-investment to support the recapitalization of S&S HealthCare Strategies, Ltd. (“S&S”) by private equity sponsor, Level Capital Partners.
Based in Cincinnati, Ohio, S&S is a Third Party Administrator (“TPA”) specializing in a full service health care delivery system. S&S provides a suite of services including claims adjudication and network management directly to middle-market employers as well as providing these services on an outsourced basis to other TPAs.
This transaction is representative of Monroe Capital’s focus on its independent sponsor vertical. The independent sponsor finance vertical focuses on providing comprehensive “one-stop” solutions for independent sponsors seeking financing for acquisitions, mergers, business combinations and recapitalizations.
About Monroe Capital
Monroe Capital LLC (“Monroe”) is a private credit asset management firm specializing in direct lending and opportunistic private credit investing. Since 2004, the firm has provided private credit solutions to borrowers in the U.S. and Canada. Monroe’s middle market lending platform provides senior and junior debt financing to businesses, special situation borrowers, and private equity sponsors. Investment types include unitranche financings; cash flow, asset based and enterprise value based loans; and equity co-investments. Monroe is committed to being a value-added and user-friendly partner to business owners, senior management, and private equity and independent sponsors. The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Dallas, Los Angeles, New York, and San Francisco.
Monroe has been recognized by Creditflux as the 2018 Best U.S. Direct Lending Fund; Private Debt Investor as the 2017 Lower Mid-Market Lender of the Year; Global M&A Network as the 2017 Small Middle Markets Lender of the Year; M&A Advisor as the 2016 Lender Firm of the Year; and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year. For more information, please visitmonroecap.com.