Golub Capital served as administrative agent and lead arranger for senior secured credit facilities to support a growth investment in Krueger-Gilbert Health Physics (KGHP) and Apex Physics Partners (Apex) by Blue Sea Capital.
The financing will be used to support KGHP’s continued expansion in existing markets, and to explore partnerships in new geographic regions through Apex, a newly-formed business support organization created to support the platform.
Based in Towson, MD, KGHP is an outsourced provider of diagnostic medical physics services throughout the Mid-Atlantic U.S., including hospitals, imaging centers and other physician offices. The company employs credentialed medical physicists that perform mandated periodic compliance testing of diagnostic imaging equipment in its customers’ facilities.
“KGHP is a market-leading provider of an essential service to the Mid-Atlantic medical community, and we’re excited to support its growth within this region and beyond,” said Troy Oder, managing director on Golub Capital’s Middle Market Lending team. “The KGHP team has done an excellent job of building an impressive enterprise in collaboration with industry-leading medical physicists. We believe that Blue Sea is uniquely positioned to support the expansion of the platform based on its extensive knowledge of the healthcare services industry.”
