NXT Capital provided a $61 million senior secured credit facility to support the refinancing of EyeCare Services Partners, a portfolio company of Varsity Healthcare Partners. The transaction included funding for selected add-on acquisitions at closing of the facility, plus growth capital to support ESP’s acquisition pipeline.

NXT Capital acted as the sole lead arranger, administrative agent and sole bookrunner for the transaction.

“We are pleased to work with the NXT Capital healthcare team again,” said David Alpern, partner and co-founder of Varsity Healthcare Partners. “NXT brought differentiated flexibility and substantial growth capital to the EyeCare Services Partners financing that will enable ESP to achieve its strategic objectives.”

Towson, MD-based EyeCare Services Partners consolidates locally dominant, clinically differentiated eyecare services practices and affiliated surgical centers in selected geographies.

Varsity Healthcare Partners is a private investment firm serving primarily family investors by originating, acquiring and growing market-leading healthcare platforms.