Comvest Credit Partners is acting as administrative agent on a senior secured credit facility for HighFive Healthcare, a Birmingham, AL-based specialty dental service organization, which will use the financing to refinance existing debt and support near-term acquisitions. The financing follows a recent $100 million growth investment led by Norwest.
Founded in 2018, HighFive focuses on the acquisition and development of endodontic and oral surgery practices in the Southeast.
“We are pleased to provide a tailored credit financing solution to support the growth of HighFive, a differentiated and well-positioned healthcare services brand,” Tom Goila, a partner and co-head of healthcare at Comvest Credit Partners, said. “We are impressed by the strength of the HighFive platform, physicians and management. Comvest looks forward to continuing to build our relationship with Norwest and the HighFive team.”
“Comvest brought deep institutional healthcare investment expertise to this transaction, including relevant experience in the very complex dental subsector, as well as underwriting speed and the capacity to provide additional debt capital to support HighFive’s rapid pace of acquisitive growth. These were all important factors in our choice of financing provider as HighFive builds a best-in-class specialty dental platform,” Chad Trull, CEO and founder of HighFive, said.
“We are excited to partner with the Comvest team as HighFive continues to grow as a leading healthcare platform committed to expanding access to the highest quality dental care,” Dr. Ryan Harris, a general partner at Norwest, said.
