Ally Provides Facility to Support Accelecare Acquisition
Ally Commercial Finance announced it provided a $57.5 million senior-secured credit facility to support the acquisition of Accelecare Wound Centers by Revelstoke Capital Partners, a Denver-based private equity firm.
The facility was agented and underwritten by Ally Commercial Finance with commitments from Fifth Third Bank and Siemens Financial Services. Yukon Partners, The Northwestern Mutual Life Insurance Company and Nationwide Mutual Insurance Company provided subordinated debt for the transaction.
“We are very pleased to have closed this transaction under a very tight deadline, and we look forward to working with Revelstoke in the future,” said George Triebenbacher, Ally Commercial Finance president, Structured Finance.
Accelecare provides advanced wound care services in two divisions: Accelecare Wound Centers, a provider of full-service wound management solutions to hospitals; and Accelecare Wound Professionals, a provider of wound care specialist physicians to skilled nursing facilities and hospital-based outpatient wound care facilities.
Revelstoke is a private equity firm.