Monroe Capital acted as sole lead arranger and administrative agent on the funding of a $32.7 million credit facility and equity co-investment to support the recapitalization of S&S HealthCare Strategies by private equity sponsor, Level Capital Partners.
Based in Cincinnati, S&S is a third-party administrator (TPA) specializing in a full-service health care delivery system. It provides a suite of services, including claims adjudication and network management, directly to middle-market employers, along with outsourcing those services to other TPAs.
Monroe Capital’s independent sponsor vertical oversaw the transaction. The vertical focuses on providing comprehensive “one-stop” solutions for independent sponsors seeking financing for acquisitions, mergers, business combinations and recapitalizations.
