CIT Co-Arranges Interactive Health Credit Facility
CIT announced it served as joint lead arranger in an $80 million senior secured credit facility for Interactive Health, a provider of outcomes-based wellness and health management solutions for self-insured employers.
The facility was used to support Interactive Health’s acquisition of Health Solutions, a provider of onsite comprehensive wellness services. The acquisition creates the largest U.S.-based independent company offering integrated workplace wellness solutions. Interactive Health is a portfolio company of CI Capital Partners, which made this investment in partnership with InTandem Capital Partners.
CIT Corporate Finance, Healthcare served as joint lead arranger and syndication agent for the transaction. Financing was provided by CIT Bank. Terms of the transaction were not disclosed.
“CIT is committed to providing financing to help middle market healthcare companies grow and is very excited to support CI Capital, InTandem and Interactive Health in this latest acquisition,” said William Douglass, managing director and group head of CIT Corporate Finance, Healthcare.