NXT Capital provided an $80 million senior secured credit facility to support Tailwind Capital’s acquisition of Abode Healthcare.
NXT Capital acted as administrative agent, joint lead arranger and joint bookrunner on the transaction.
“We are excited to partner with Tailwind on the Abode transaction. We are looking forward to working closely with the Tailwind and Abode teams to support the company’s continued growth and development,” said Stuart Smartt, managing director and head of Healthcare for NXT Capital.
Founded in 2012 and based in Durango, CO, Abode Healthcare provides a full spectrum of patient-centric hospice and home health services in markets across the U.S.
Tailwind Capital is a middle market private equity firm focused on growth-oriented investments in targeted sectors within healthcare, business and industrial services. It has invested in 37 portfolio companies and 60 add-ons.
