Daily News: March 18, 2015

Genstar Provides $40M Credit Facility to Univita Health

Univita Health, a provider of post-acute and home healthcare solutions, secured a credit facility of $40 million from Genstar Capital and a private lender. The credit facility will be used to fund Univita’s future growth supporting the expansion of the company’s health plan partners.

Univita specializes in the management and utilization of complex, home health services, DME and infusion pharmacy services, primarily in the government sector. Univita is contracted with more than 20 Medicare Advantage and Medicaid plans.

GLC Advisors & Co. acted as financial advisor to Univita and Latham & Watkins provided legal counsel.

“Today’s announcement reaffirms our commitment to Univita and paves the way for a successful continued partnership with the Univita team,” said Robert J. Weltman, managing director of Genstar Capital.

“We are pleased to continue our longstanding relationship with Genstar Capital,” said Michael Muchnicki, President and chief executive officer of Univita Health.