Prospect Capital provided first lien senior secured term and convertible loans to support the acquisition of Druid City Infusion by investment funds managed by Inlet Road Capital Management in partnership with Druid City’s founders and leadership team._x000D_
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“Druid City is proud of its growth and the outstanding team we have built over the last 10 years,” Ryan McFerrin, co-founder and CEO of Druid City, said. “Our unwavering commitment to patient care and delivering high level service to our referral partners will be enhanced as we begin this new chapter with Prospect and Inlet Road._x000D_
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“We chose to team up with Prospect because of Prospect’s ability to create a comprehensive financing solution to meet the unique needs of our transaction and the business,” Brian M. Harrison, partner at Inlet Road, said. “Prospect’s collaborative approach and industry expertise make Prospect an ideal group for supporting Druid City’s expanding opportunities within the home infusion sector.”_x000D_
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“The Prospect team was the right fit for our transaction, providing our founder partners with complementary industry experience and capital to support Druid City’s growth both organically and through the acquisition of new territories and possibly other franchisees,” Robert L. Jenkins, partner at Inlet Road, said._x000D_
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“Prospect is pleased to complete this important transaction with Inlet Road,” Neil Zieses, vice president at Prospect, said. “We look forward to continued strong performance at Druid City, a company with a compelling value proposition for delivering pharmacy services, and bedside and clinic-based infusion services.”
Forward for Specialty Finance
