Capital One served as sole lead arranger for a $213 million senior credit facility for BayMark Health Services, a portfolio company of Webster Capital. The facility will be used to refinance an existing loan and to support future expansion efforts.
Lewisville, TX-based BayMark operates the second-largest opioid treatment program in the U.S. and is currently treating more than 25,000 patients each day in 17 states using several clinical care models.
“We believe that our time-tested programs can make an important contribution to alleviating the impact of the opioid epidemic that has swept the country,” said David K. White, Ph.D., the company’s CEO. “Capital One understood the value of our unique treatment programs and structured the loan to accommodate our growth.”
This is the second transaction that Capital One has financed for Webster Capital in the past six months.
Founded in 2003, Webster Capital is a private equity firm focused on branded consumer and healthcare services companies with EBITDA between $3 million to $20 million.