Varagon Capital Partners served as administrative agent, lead arranger and bookrunner on a senior secured credit facility to support InTandem Capital Partners’ acquisition of Pediatric Home Service.

Founded in 1990 and headquartered in Roseville, MN, Pediatric Home Service is the largest provider of complex and comprehensive in-home care to medically fragile infants, children and adolescents in the upper Midwest.

“We are excited to support InTandem and the Pediatric Home Service management team,” said Steve Warden, partner at Varagon. “This represents Varagon’s first financing investment with InTandem. We look forward to the continued success and growth of PHS.”

“Varagon demonstrated their healthcare expertise and financing creativity, allowing us to partner with the clinical excellence of Mark Hamman and the PHS team as we build upon their success in Minnesota and new markets,” said Micah Meisel, managing director at InTandem.

InTandem Capital is a private equity firm that invests in and helps accelerate the growth of select healthcare services companies.

Varagon is a lender to middle market companies and private equity firms. It invests across the capital structure and delivers flexible financing solutions that meet the needs of its private equity partners.