Victory Park Capital has provided a $50 million loan to Access Integrated Healthcare LLC. Access Integrated is a healthcare services organization providing comprehensive services to specialty sectors including workers’ compensation and personal injury.
LOS ANGELES–(BUSINESS WIRE)–Access Integrated Healthcare, LLC (AIH) announced today that it has entered into a $50-million senior credit facility with Chicago-based Victory Park Capital (VPC). AIH is a healthcare services organization providing comprehensive services to specialty sectors including workers’ compensation and personal injury. Leveraging a highly specialized management team, tailored technology solutions and streamlined business processes, AIH looks to expand its two primary business segments: Differentiated Healthcare Services; and Servicing of Medical Accounts Receivable.
“A value-added partnership with an asset management firm of VPC’s caliber further validates our business strategy,” said Manel Sweetmore, CEO at AIH. “The completion of this senior credit facility cumulates an 18-month effort to professionalize the organization and establish a platform for accelerated growth.”
Led by Sweetmore and James Castro, EVP of Strategy & Corporate Development, AIH’s management team also secured a $9.5-million mezzanine financing in April of this year from Orlando-based Penta Mezzanine Fund. These recent investments, coupled with management depth within all key disciplines, will fuel the company’s growth, organically and through acquisition.
“As a recognized leader in the healthcare services market with a strong reputation for delivering high levels of customers service, AIH is well positioned to execute on its growth strategy,” said Jason Brown, partner at VPC. “Our partnership combined with an exceptional management team will foster a strong value creation opportunity.”
ABOUT ACCESS INTEGRATED HEALTHCARE
AIH is a multi-faceted healthcare organization focused on generating industry efficiencies through differentiated healthcare services and business process professionalization. Within its healthcare services division, AIH combines wholly-owned facilities with an expansive network of deeply integrated third-party facilities. AIH’s team is trained to identify inefficiencies and implement operational improvement plans across the entire network to offer streamlined outpatient solutions, eliminating high costs and speculative quality often associated with traditional broker models. From an AR servicing perspective, AIH endeavors to create structure and transparency intended to generate benefits across the entire industry’s workflow. Founded in 2009, AIH is headquartered in Los Angeles, California. For more information, visit www.accessih.com.
ABOUT VICTORY PARK CAPITAL
Victory Park Capital is a privately held registered investment advisor dedicated to alternative investing through the management of its investment vehicles. As specialists in credit and private equity investments, VPC focuses on middle market companies across a diversified range of industries. Whether as a lender or a control investor, VPC seeks to identify opportunities where it believes the potential for reward outweighs the risks entailed. Founded in 2007, VPC is headquartered in Chicago with additional resources in Los Angeles, New York and San Francisco. For more information visit: www.victoryparkcapital.com.