SLR Business Credit (SLRBC) funded a new senior secured credit facility for School Health, a provider of health supplies and services to school nurses, athletic trainers, special educators, physical educators and early childhood educators around the country.
School Health needed additional working capital to fund its growth and restructuring efforts, which the company’s prior bank lender was unable to accommodate. SLRBC and real estate lender Briar Capital were introduced to School Health by advisory firm Getzler Henrich and Associates (GH&A).
“We appreciated GH&A’s collaborative approach, in which they introduced us to this great family-owned business, rooted in Chicagoland since 1957. By working directly with SHC, we were able to provide a financing solution, with the help of Briar Capital, that both meets the company’s current cash needs and facilitates future growth. The interaction between all four parties (SLRBC, Briar Capital, GH&A and the owners) was invaluable to get this completed. All I can say is thank you and well done.” Daniel Tortoriello, executive vice president of SLRBC, said.
“We’re pleased to have assisted in crafting a solution that positions SHC for continued success,” Robert Gorin, senior managing director at GHA, said. “This partnership provides the flexibility and support the company needs as it looks to scale and expand its operations. We’re confident this structure aligns well with their forward strategy and are excited to see what comes next.”
Rob Rogers, CEO of SHC, said, “This new partnership with SLR Business Credit and Briar Capital gives us the flexibility we need to navigate today’s challenges and continue investing in the health and safety of students, staff and school communities. We’re grateful to the teams at SLR, Briar and Getzler Henrich & Associates for moving quickly, working collaboratively and understanding both the complexity and promise of our business. Their support helped us turn a critical corner.”
