Varagon Capital Partners has provided a credit facility to back InTandem Capital Partners‘ acquisition of Pediatric Home Service. No financial terms were disclosed. Based in Roseville, Minnesota, Pediatric Home Service is a provider of in-home care to medically fragile infants, children and adolescents in the upper Midwest. Varagon is the administrative agent, lead arranger and bookrunner on the financing.
New York, NY, December 20, 2018 – Varagon Capital Partners (Varagon) today announced it is serving as administrative agent, lead arranger and bookrunner on a senior secured credit facility to support the acquisition of Pediatric Home Service (PHS) by InTandem Capital Partners.
Founded in 1990 and headquartered in Roseville, MN, Pediatric Home Service is the largest provider of complex and comprehensive in-home care to medically fragile infants, children and adolescents in the upper Midwest.
“We are excited to support InTandem and the Pediatric Home Service management team,” said Steve Warden, Partner at Varagon. “This represents Varagon’s first financing investment with InTandem. We look forward to the continued success and growth of PHS.”
“Varagon demonstrated their healthcare expertise and financing creativity, allowing us to partner with the clinical excellence of Mark Hamman and the PHS team as we build upon their success in Minnesota and new markets”, noted Micah Meisel, Managing Director at InTandem.
About InTandem Capital Partners
InTandem Capital is a private equity firm that invests in and helps accelerate the growth of select healthcare services companies. Its goal is to build excellent businesses of significant value working collaboratively with its management team partners. InTandem is comprised of former business executives and experienced investors, and is uniquely qualified to provide strategic, acquisition and operating expertise to help companies significantly increase their value over time. InTandem provides active support to the management of its portfolio companies directly, and leverages its network of industry executives to augment its capabilities. For further information about InTandem, visit www.intandemcapital.com.
About Varagon Capital Partners
Varagon is a leading lender to middle market companies and private equity firms. Varagon invests across the capital structure and delivers flexible financing solutions that meet the needs of our private equity partners. Varagon provides investors with exposure to high-quality, directly-originated middle market loans through products designed for sophisticated institutions. Since inception, Varagon has made over $9.0 billion of investment commitments to over 120 middle market companies. For additional information about Varagon, visit www.varagon.com.