Healthcare Finance Group (HFG) announced that it provided a $15 million revolving line of credit to InterDent, a provider practice management services to affiliated multi-specialty group dental practices throughout the U.S. The company is a portfolio holding of H.I.G. Capital, which acquired the company from Levine Leichtman Capital Partners in 2012. Proceeds from the financing facility will be used to provide capital for ongoing operations.
Jeff Hertzig, the chief financial officer of InterDent, said, “HFG worked diligently to structure a solution that provided InterDent with the financing we need for growth. They demonstrated a strong understanding of the dental practice management space and we are pleased to have them as our lending partner.”
HGF senior vice president Christopher Smith said, “With its industry-leading management team and the specialty healthcare knowledge at H.I.G. Capital, InterDent is well positioned to be a strong provider in the dental practice management space. HFG is pleased to be able to support InterDent in both its short and long-term growth plans, and we look forward to a mutually beneficial relationship.”
HFG, a portfolio company of Fifth Street Finance Corp., is a specialty lender dedicated exclusively to providing debt financing to middle market healthcare companies.