Capital One Healthcare has provided a senior credit facility to support Formation Capital’s acquisition of RHA Health Services and its affiliates. The credit facility consists of a five-year, $68.1 million secured term loan and a five-year, $30 million revolver in addition to other treasury and cash management solutions.
“We are pleased Formation Capital chose us to assist them with this transaction,” said Patrick Coffey, managing director, Capital One Healthcare. “RHA has a reputation for providing quality care in an important segment of the healthcare market. We are excited to be working with RHA and expanding our relationship with Formation Capital.”
RHA Health Services is a provider of residential and community-based mental health, substance abuse and intellectual and developmental disabilities services in Georgia, North Carolina, Tennessee and Utah.
Capital One Healthcare, a part of Capital One Commercial Banking, is a provider of financial services to the industry.