Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of Herman & Wallace Pelvic Rehabilitation Institute by Summit Professional Education, an existing portfolio company of Avathon Capital.
Founded in 2005 and headquartered in Seattle, Herman & Wallace provides comprehensive, hands-on and evidence-based curricula for treating pelvic floor dysfunction in all people throughout the life cycle. Founded in 2004 and headquartered in Franklin, TN, Summit is a provider of in-person and online continuing and professional education courses for physical therapists and assistants, occupational therapists and assistants, and speech language pathologists. Together, Herman & Wallace and Summit will expand access, innovate clinician education, and continue to raise the standard of care in pelvic health.
This transaction is representative of Monroe’s ability to provide comprehensive “one-stop” solutions for private equity sponsors seeking debt and equity capital to finance their acquisitions and recapitalizations.
