Daily News: May 12, 2015

US Capital Partners Provides $30MM LESS Facility


US Capital Partners provided a $30 million line of credit for LESS Institute, a network of surgery centers offering best-in-class outpatient and surgical care services across the U.S. US Capital Partners is a private investment bank that makes direct debt investments, participates in debt facilities, and underwrites debt and equity private placements for small and medium-sized businesses.

“We are delighted to have provided this flexible and scalable facility for LESS,” said Jeffrey Sweeney, chairman and CEO at US Capital Partners. “Despite being a profitable and expanding business, LESS had difficulty securing traditional bank financing, because accounts receivable from medical settlements are generally deemed ineligible for financing by most traditional lenders. US Capital Partners performed a detailed analysis of the company’s proprietary billing systems and processes to better understand its operations. This allowed US Capital Partners to then structure and provide a customized $30 million facility for LESS.”

Over the past six years, LESS has been expanding its network of surgeons and its geographical footprint across the United States. The new financing by US Capital Partners provides additional growth capital and working capital for LESS to pursue its expansion plans. US Capital Partners has a strong track-record in providing best-in-class financing for middle market businesses across the U.S., with a special focus on speed, structure, and efficiency of execution.

LESS Institute was founded on the principle that surgical care should be safe, affordable, and deliver quality results.