Comvest Credit Partners, the direct lending platform of Comvest Partners, a middle-market private equity and credit investment firm, is acting as administrative agent on a senior secured credit facility for Senior Helpers, a Towson, Md.-based, national company in home care and wellness offerings for seniors. The financing was used to support the acquisition of Senior Helpers by private equity firm Waud Capital Partners. The funding also provides committed capital for Senior Helpers’ future growth initiatives.
“Senior Helpers is a premier and scalable brand that has achieved a long track record of consistent growth in an attractive segment of the home health care market,” Bryce Peterson, a managing director at Comvest and co-head of the direct lending strategy’s healthcare sector, said. “Comvest remains committed to investing in the healthcare sector and to providing responsive financing solutions that help well-positioned providers achieve their strategic goals.”
“Senior Helpers marks Comvest Credit Partners’ third successful transaction with Waud Capital, a sponsor with deep investment experience in the home health care space,” Joe Higginbotham, a managing director at Comvest, said. “We look forward to working with the Waud Capital team to support Senior Helpers’ continued growth.”
“Comvest has consistently delivered sizable financing commitments with speed, efficiency and a collaborative approach,” Matt Albers, a partner of Waud Capital, said. “We look forward to capitalizing on opportunities to help Senior Helpers expand its best-in-class suite of senior services in the next phase of the company’s growth.”
