Golub Capital announced it acted as joint lead arranger and co-documentation agent to provide a $295 million senior credit facility to support the merger between Joerns Healthcare, owned by Quad-C since 2010, and Recovercare, owned by Aurora Capital since 2009.

The transaction creates a manufacturer and rental provider of bed systems, therapeutic support surfaces, safe patient handling equipment, and wound care products. The combined company will provide beds, TSS, and lifts within the nursing and long-term acute care market segments.

“We were impressed with Golub’s ability to add value to our financing execution by making a significant commitment quickly and definitively,” said Frank Winslow, partner of Quad-C. “We look forward to working with them in the future.”

“This transaction is the latest example of our firm’s strong partnership with Golub,” said Michael Marino, partner of Aurora Capital. “Consistent with our past experiences, Golub has proven to be a reliable and decisive source of flexible financing solutions.”

“We are excited to support Quad-C and Aurora in their efforts to form a market-leading platform through the combination of these two strong businesses,” said Troy Oder, managing director of Golub Capital. “We believe that Joerns is well-positioned for continued success based on the strength of its management team and the quality of strategic oversight provided by these two leading middle-market sponsors.”