Capital Southwest supported the Bow River Capital 2017 Fund’s recent recapitalization of Roseland Management, a physician practice management platform, in partnership with Precision Spine Care, a physician group focused on the treatment of back and neck pain.
Capital Southwest provided a revolver, first lien term loan and made an equity co-investment. It will act as the sole investor and administrative agent for the credit facility.
“We are pleased to partner with Roseland Management and Bow River in this transaction,” said Douglas Kelley, managing director of Capital Southwest. “Precision Spine Care provides coordinated care for patients suffering from chronic and acute pain. We look forward to supporting the continued growth of Precision Spine Care.”
Matt Darrah, principal of Capital Southwest, added, “Precision Spine Care is a leading provider in the East Texas region with a strong reputation for delivery of high quality care. The company is well positioned to benefit from the growing demand for pain management services and the increased adoption of non-opioid therapies.”
Founded in 2004 and based in Tyler, TX, Precision is comprised of board certified and fellowship trained neurosurgeons and interventional pain management specialists, dedicated to the treatment of back and neck pain. The company serves patients through seven facilities across East Texas.
Capital Southwest is a Dallas-based, middle market lending firm focused on supporting the acquisition and growth of middle market businesses with $5 million to $25 million investments across the capital structure.
Founded in 2003, Bow River Capital is a private alternative asset management company based in Denver, with buyout, real estate, software growth equity and energy fund platforms.