Oak Hill Advisors served as administrative agent and lead left arranger for a unitranche facility supporting the refinancing of Acentra Health, a provider of technology products and services to government healthcare agencies that support the administration of Medicaid, Medicare and other health programs at the federal and state level, including claims processing, enrollment and data analytics. OHA is the largest holder of the new financing.
Acentra is a portfolio company of Carlyle. Oak Hill Advisors first provided financing to Acentra in December 2021 to support Carlye’s acquisition of its predecessor company, CNSI, from Alvarez & Marsal Capital Partners. In December 2022, OHA once again engaged with Carlyle to lead the debt financing for CNSI’s acquisition of Kepro, creating Acentra Health. OHA also supported Acentra’s subsequent acquisition of Espyr, a provider of workplace mental health and wellbeing programs, in 2023.
“Since our initial investment in its predecessor business, Acentra has maintained a strong growth proposition and track record of performance,” Eric Muller, partner and portfolio manager at Oak Hill Advisors, said. “We look forward to extending our partnership with Carlyle and the management team as the company expands its scope of service and continues delivering healthcare technology solutions that benefit the public sector.”
