Audax Private Debt, as administrative agent and sole lead arranger, provided a unitranche credit facility to support the acquisition of Summit Spine & Joint Centers by MSouth Equity Partners, an Atlanta-based private equity firm.
Based in Lawrenceville, GA, Summit Spine & Joint Center is an operator of ambulatory surgery centers and pain management clinics in the greater Atlanta area. The company provides interventional pain management treatment to patients who suffer from chronic pain symptoms.
“Dr. [Amit] Patel and his team have done an outstanding job building Summit into a leading provider of interventional pain medicine by offering comprehensive, patient-focused treatments,” Rahman Vahabzadeh, managing director at Audax Private Debt, said. “We believe the MSouth team will bring the right resources and expertise to help Summit reach its next level of growth.”
“Audax Private Debt has been a reliable and accommodating financing partner throughout our investment process,” Peter Pettit, partner at MSouth Equity Partners, said. “We are excited to partner with the Audax team and are confident in their ability to support our growth objectives for Summit in this next chapter.”