Daily News: March 12, 2012

Meritus Capital Provides Senior Financing to DiaTri

DiaTri, a Cornhusker Capital company, and provider of healthcare cost containment solutions, said it has completed a new senior financial agreement with Meritus Capital.

The announcement was made by Raymond McGaugh, chairman of Cornhusker Capital. The transaction was led by Reginald McGaugh, founder and managing partner of Cornhusker Capital and CEO and executive chairman of the board of directors of DiaTri. Terms of the new senior line of credit were not disclosed.

“The executive team of Meritus Capital was exceptionally diligent in understanding our business model and developing a very creative senior LOC that will enhance our competitiveness in the market,” said Reginald McGaugh. “We had a lot of interested financing partners and we are extremely pleased with the flexibility and structure of the facility developed by Meritus Capital.”

Meritus Capital is a financial group that provides financial and advisory services encompassing services and technology solutions to help manage cash flow, capital investment and expenditures, and working capital.

Cornhusker Capital is a fundless equity sponsor focused on the acquisition of healthcare services entities.