Salus Closes $3MM Senior Secured Term Loan for Human Touch
Salus Capital Partners announced it has provided a $3 million senior secured term loan to Human Touch, a provider of lifestyle products and massage chairs. The financing will be used to provide working capital and letters of credit.
“After evaluating several potential partners, we felt that Salus’ creative approach, understanding of our business need, and professionalism in their engagement were an ideal fit for our requirements,” said David Wood, chief executive officer of Human Touch.
“The health and wellness industry is an industry sector that Salus embraces with a great passion,” said Marc S. Price, senior vice president, Loan Originations and Corporate Strategy of Salus Capital. “The company’s wellness solutions provide measurable physical and psychological benefits to a wide range of people including back pain sufferers, active seniors, sports enthusiasts and those living with chronic pain. This financing is a clear representation of how the Salus platform can create a value oriented partnership assisting an array of constituents within this highly visible and growing industry.”