Alignment Credit, a provider of credit solutions for emerging growth and middle-market companies, acted as the sole lead arranger and administrative agent on up to $20 million in senior secured credit facilities for MindCare Solutions Group to support the company’s acquisition of TriCounty Tele Behavioral Services and other initiatives.
MindCare Solutions Group, a portfolio company of WP Global Partners, is a provider of telepsychiatry and tele-behavioral health services based in Nashville, TN. TriCounty offers a range of tele-behavioral health care and telepsychiatry services across the Orlando, FL, area.
“Alignment Credit appreciates the opportunity to support WP Global Partners and MindCare and TriCounty management teams as they continue to execute on their successful acquisition and organic growth strategy,” Vadim Margulis of Alignment Credit said. “We are confident in the ability of the combined company to meet the growing demand for high quality tele-behavioral health solutions across the U.S. and create value for all stakeholders.”
“We are pleased to be partnering with Alignment Credit in adding together the complementary market-leading capabilities of MindCare and TriCounty” David Morris of MindCare Solutions Group said.
“Alignment Credit’s collaborative approach to structuring a credit solution tailored to MindCare’s strategic needs in a timely manner made them an ideal debt financing partner for us,” Bijal Shah of WP Global Partners said.
