Antares Capital was lead arranger of a $115 million credit facility to support the refinancing of XIFIN by private equity firm GTCR. Antares served as joint lead arranger and joint bookrunner on the facility.
“We have been looking to work with Antares for some time and the XIFIN deal was the right one out of the gate,” said Jeff Heh, vice president at GTCR. “Not only is Antares highly reputable when it comes to reliability and speed to close, but their chief credit officer Tyler Lindblad is very familiar with XIFIN and the healthcare sector overall.”
“We’re thrilled to be working with GTCR on the refinancing of XIFIN,” said Doug Koch, managing director with Antares Capital. “We really like XIFIN’s market position and unique value proposition and look forward to a long, successful relationship with GTCR.”
San Diego-based XIFIN is a provider of cloud-based software and services to diagnostic service providers. XIFIN’s technology platform enables end-to-end connectivity from patient to payer, linking together the many stakeholders in healthcare delivery and optimizing for the best business and patient outcomes.
Chicago-based GTCR is a private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare and Information Services & Technology industries.