Daily News: October 16, 2018

Abacus Leads $25MM Facility to Support The Phia Group Recap


Abacus Finance Group served as administrative agent and lead arranger for $25.5 million in senior secured credit facilities to support the growth recapitalization of The Phia Group by WestView Capital Partners.

Abacus also made an equity co-investment in The Phia Group.

The Phia Group provides outsourced cost containment and payment integrity solutions to healthcare payers and the entities that service them.

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.

“Once again, we selected the Abacus team because of its industry knowledge in the healthcare sector,” said WestView General Partner Matt Carroll. “Equally important was their ability to provide certainty of close early on in the process.”