Monroe Capital acted as sole lead arranger and administrative agent of a senior credit facility and co-invested equity alongside Cimarron Healthcare Capital to support its acquisition of Ascent Behavioral Health.
Founded in 1989 and based in Salt Lake City, Ascent provides wilderness therapy, residential treatment and therapeutic boarding school programs for adolescents with mental health issues such as depression, anxiety and attachment disorder throughout the state.
This transaction is representative of Monroe Capital’s vertical which focuses on providing equity co-investments alongside debt financing for business owners, sponsors and independent sponsors to support acquisitions, mergers, business combinations and recapitalizations.
