Antares Bain Capital, a joint venture between Antares and Bain Capital Credit, closed a senior secured unitranche credit facility to support private investment firm Clearlake Capital Group’s acquisition of symplr.

Founded in 2006, symplr is a healthcare governance, risk and compliance software-as-a-service platform. The company offers provider management, credential management and payer enrollment services to over 1,500 customers representing more than 4,000 healthcare facilities in North America.

“The Antares and Bain Capital unitranche facility provided us with an efficient financing solution for this transaction,” said Behdad Eghbali, co-founder and managing partner, and Prashant Mehrotra, partner, of Clearlake. “The team’s in-depth understanding of the healthcare software landscape helped expedite and simplify the financing process, and we are excited to partner with Antares and Bain Capital to support symplr’s next phase of growth.”

“We appreciate our ongoing relationship with the team at Clearlake, and once again enjoyed working with them to help facilitate this investment,” said Matthew Fleming, managing director of Antares Capital. “symplr is an innovative market leader, and we look forward to supporting them as they continue to execute their growth plans.”

“symplr provides mission-critical solutions to healthcare professionals through the company’s leading technology platform, and we believe this is a compelling partnership opportunity,” said Michael Ewald, a managing director at Bain Capital Credit. “We are pleased that sponsors continue to value our expanded capabilities and ability to deliver flexible financing solutions that enable them to close deals in today’s competitive marketplace.”

Antares Bain Capital provides private equity sponsors and borrowers with access to first lien unitranche loans of up to $350 million in a single transaction.