CIT Group’s Healthcare Finance unit served as joint lead arranger and administrative agent on a first-lien credit facility to support for Pritzker Private Capital’s acquisition of KabaFusion, a provider of acute and specialty home infusion services.
Founded in 2010 by Dr. Sohail Masood and headquartered in Cerritos, CA, KabaFusion operates seven fully accredited specialty pharmacies strategically located in key markets, enabling the company to serve patients with a broad range of acute and chronic conditions in over 40 states
Pritzker Private Capital acquires and operates middle-market companies based in North America with leading positions in the manufactured products, services and healthcare sectors.
“CIT’s deep expertise and knowledge of the home infusion sector were extremely helpful in reaching a smooth and timely closing of this financing,” said Michael Dal Bello, investment partner of Pritzker Private Capital.
“Success today requires expertise and agility,” said William Douglass, managing director and group head of CIT’s Healthcare Finance business. “We worked closely with the Pritzker Private Capital team to understand their priorities and craft a financing package that met their needs.”
The acquisition financing package also included a privately placed second-lien credit facility.