Daily News: August 6, 2013

Full Circle Capital Provides Financing for Infinite Aegis

Full Circle Capital announced the closing of a $9 million senior secured credit facility with Infinite Aegis Group. The credit facility consists of a senior revolving line of credit and a senior term loan.

Full Circle Capital said it retained $5 million of the credit facility and the remaining $4 million balance was provided by another lender.

Proceeds of the credit facility were used to fund the acquisition of Rocky Mountain Urgent Care, which owns and operates nine urgent care centers in CO, and Rocky Mountain Medical Group, which owns and operates three occupational medicine centers in CO.

Denver, CO-based Infinite Aegis provides revenue cycle management services to healthcare service providers including large hospital systems and doctor owned clinics.

Rye Brook, NY-based Full Circle Capital is a closed-end investment company that has elected to be treated as a business development company.