Daily News: December 18, 2013

NXT Capital Provides Facility to Fund New Harbor’s PT Solutions Buy

NXT Capital announced it provided a $21 million senior secured credit facility to fund New Harbor Capital’s acquisition of a majority interest in PT Solutions Holdings. NXT Capital acted as the sole lead arranger, sole bookrunner and administrative agent for the transaction.

“We selected NXT Capital to lead this financing based on its expertise in the healthcare industry and reputation for flexibility and responsiveness,” said Tom Formolo, partner, New Harbor Capital. “NXT offered a solution that addressed this transaction’s unique needs and delivered superior execution throughout. We’re pleased to have partnered with NXT Capital and look forward to a long-term relationship.”

PT Solutions Holdings specializes in partnering with hospitals and traditional outpatient clinic operations to deliver comprehensive, research-driven therapies.

Chicago-based New Harbor Capital is a private equity firm with more than 20 years of experience investing in growth-oriented business services, healthcare and education companies.