Daily News: May 31, 2018

Capital One Agents $150MM AccessOne Facility

Capital One served as administrative agent, sole lead arranger and bookrunner on a $150 million senior secured credit facility for AccessOne.

The proceeds will be used to acquire HealthFirst Financial and for working capital requirements.

“Our long-term relationship with AccessOne — stretching back more than a decade — and our team’s in-depth knowledge of the healthcare industry allowed us to develop a loan structure that accommodates the HealthFirst acquisition,” said Al Aria, senior managing director at Capital One Healthcare. “

AccessOne partners with healthcare providers to offer patient financing options that remove the financial barriers to needed healthcare while ensuring hospitals are reimbursed for services provided. With the addition of HealthFirst, AccessOne will reach patients at more than 200 hospitals nationwide with a broad array of financing programs.

“The successful completion of this acquisition is a great step forward for our company, as well as for the healthcare providers and patients we serve,” said Mark Spinner, AccessOne CEO.