Daily News: February 6, 2013

LBC Arranges $50MM Facility for Prospira Acquisition


LBC Credit Partners announced that it served as joint lead arranger and syndication agent for a $50 million senior secured credit facility to support the purchase of the National Pain Institute by Prospira Pain Care and to continue developing Prospira’s national pain management platform.

National Pain Institute offers both medical and interventional pain management services.

Mountain View, CA-based Prospira is a national comprehensive pain management company and is a portfolio company of Enhanced Equity Funds, Webster Capital and Pulse Equity Partners. Prospira PainCare partners with interventional pain management physicians and rehabilitation specialists.

LBC Credit Partners is a provider of middle-market financing solutions including senior term, unitranche, second lien, junior secured and mezzanine debt and equity co-investments supporting sponsored and non-sponsored transactions.