Daily News: October 9, 2019

Abacus Agents $48MM Facility to Support Receivable Solutions Recap


Abacus Finance Group served as administrative agent and co-lead arranger for $48 million in senior secured credit facilities to support the recapitalization of Receivable Solutions by WestView Capital Partners.

Abacus also made an equity co-investment in Receivable Solutions.

Founded in 1999 and headquartered in Columbia, SC, Receivable Solutions is a national provider of revenue cycle management services to hospitals and health systems. WestView Capital Partners, a Boston-based private equity firm focused exclusively on middle market growth companies, manages approximately $1.7 billion in capital across four funds.

“We have known and worked with some of the Abacus team members for more than 20 years, and they once again delivered a financing solution that precisely meets the needs of the company,” said WestView Capital General Partner Matthew T. Carroll. “They were able to provide certainty early in the process, and, as always, they were responsive, efficient, and easy to work with.”

Receivable Solutions is a national provider of revenue cycle management services to hospitals and health systems.