Daily News: August 29, 2019

Capital One Agents Facility for Nova Medical Centers

Capital One served as the sole lead arranger and administrative agent for a senior secured credit facility for Nova Medical Centers, an occupational medicine provider with 50 locations in Texas, Georgia, Tennessee and Indiana.

The facility will enable the company to improve its cost of capital and provide flexibility for future growth.

“Capital One demonstrated a strong understanding of our business model and was able to structure a transaction that supports our growth and corporate initiatives,” said Ulf Rohde, Nova’s founder and CEO. “Our goal is to achieve a national presence by 2023. This refinancing is an important step in this direction.”

Nova is a full-service occupational medicine provider, focusing on treating employees injured at work and providing preemployment screenings.