Monroe Capital LLC said Sept. 19 that it increased a credit facility for Priority Ambulance LLC to back its buy of Emergency Medical Service Inc. Priority is a portfolio company of Enhanced Healthcare Partners.
Chicago, IL, September 19, 2018 – Monroe Capital LLC today announced an increase in the credit facility to Priority Ambulance, LLC (“Priority”) to support the acquisition of National Emergency Medical Service, Inc. (“National”). Priority is a portfolio company of Enhanced Healthcare Partners.
Based in Knoxville, Tennessee, Priority is one the largest, fastest-growing national private ambulance companies in the United States operating in 10 states and serving nearly 500,000 patients each year. Throughout its national footprint, Priority operates more than 550 emergency and nonemergency vehicles staffed by more than 2,800 licensed paramedics and EMTs. Priority provides the highest level of clinical excellence in emergency and nonemergency medical transport to the communities it serves with advanced ambulances equipped with the latest medical equipment and technology. Headquartered in Conyers, Georgia, National is the emergency 9-1-1 ambulance service provider to four Georgia counties and provides non-emergency ambulance services to hospitals, nursing homes, and other healthcare facilities. The addition of National further expands the contiguous geographic footprint and aligns with Priority’s continued growth strategy.
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 visit monroecap.com.