Golub Facility Supports Orthotic Holdings’ Buy
Golub Capital announced that as sole bookrunner, sole lead arranger and administrative agent, it provided a GOLD financing to support the acquisition of Apex Foot Health Industries by Orthotic Holdings, a Frazier Healthcare portfolio company. GOLD financings are Golub Capital’s one-loan debt facilities.
Golub Capital provided over $1.5 billion in financing for the healthcare industry in 2014. The firm’s deep industry knowledge and experience within this niche market allows its team to provide customized, flexible financing solutions.
The acquisition is expected to fuel higher performance, accelerate product development and drive expansion in key growth markets for OHI.
“OHI presented the opportunity to invest in the combination of two leading providers of custom orthotics and diabetic footwear, which benefit from strong macro growth drivers, well-established and highly diverse customer relationships, a diverse product portfolio and significant share of mind within the physician community,” said Stefano Robertson, managing director at Golub Capital. “OHI is led by an impressive management team and is backed by a highly experienced and well-regarded healthcare-focused sponsor in Frazier, with which Golub continues to enjoy a strong and collaborative relationship.”
“Golub Capital’s healthcare finance team was able to provide a flexible financing solution that was not only competitive but also uniquely oriented towards helping the company to achieve its growth goals,” said Brian Morfitt, a general partner at Frazier Healthcare. “Consistent with our prior experiences with their healthcare finance team, Golub Capital worked quickly and effectively to meet our timeframe and successfully complete the transaction.”
Headquartered in Ronkonkoma, NY, OHI is provider in lower extremity DME technologies for healthcare providers who treat diseases associated with the extremities.
Frazier Healthcare is a provider of venture and growth buyout capital to healthcare companies.