Brightwood Capital Advisors, a middle market private credit firm, led a $300 million senior secured credit facility financing to Giving Home Health Care (GHHC). The financing was used to support GHHC’s recent partnership with FS Investments and to fund its strategic growth initiatives.
Founded in 2012, GHHC coordinates skilled and unskilled home health and home aid services to long-term chronically ill individuals in Arizona, Colorado, Nevada, New Mexico, Texas and Utah. These individuals typically suffer from a work-related accident or toxic exposure that leaves them needing the high level of care provided by GHHC.
“We are pleased to continue deepening our relationship with FS Investments and to support the growth of Giving Home Health Care, which coordinates critical medical support to so many in need,” Kunal Shah, managing director at Brightwood, said. “Given FS Investments’ track record in healthcare and deep industry knowledge, we are confident in their ability to scale GHHC and capitalize on its growth trajectory.”
“Brightwood’s healthcare sector expertise and partnership approach were vital in bringing this transaction to fruition,” Rushabh Vora, managing director at FS Investments, said. “With Brightwood as our trusted partner, we are confident that Giving Home Health Care can further its mission to help a broader range of beneficiaries receive the medical services they need to live comfortably.”
GHHC was advised by The Braff Group and Polsinelli. FS Investments was advised by Orrick Herrington & Sutcliffe. Brightwood Capital was advised by Akin Gump Strauss Hauer & Feld.
