Brightwood Capital Advisors, a middle-market private credit firm, expanded The Corridor Group’s existing senior secured credit facility to more than $75 million to support the company’s acquisition of Comprehensive Healthcare Solutions.
Comprehensive Healthcare Solutions was founded in 2009 and is based in Lakewood, NJ. The company provides a fully outsourced RCM solution to skilled nursing facilities by handling all associated accounts receivable management, including billing, payments and remittances, denied claims resolution, and pursuit of payment for unpaid accounts. Comprehensive Healthcare Solutions also offers ancillary services, such as office management, change of banking instructions for payors, completion of Medicare and Medicaid applications for patients, and payor contracting, among others.
“Corridor has been a long-term partner to Brightwood since our initial partnership in 2020. Since then, we have supported the company through two additional acquisitions,” Kunal Shah, managing director at Brightwood Capital Advisors, said. “We look forward to continuing our partnership with Corridor as they provide their customers with further scale and additional service offerings.”
“We are pleased to continue our relationship with Brightwood through this latest transaction,” Des Varady, CEO at The Corridor Group, said. “With Brightwood’s support, we remain confident in Corridor’s success and long-term growth.”
