Phoenix Capital Resources acted as the exclusive financial advisor and investment banker to Action Ambulance in arranging, structuring, and negotiating a $6.4 million refinancing.
Using a combination of traditional senior and alternative debt, Phoenix was able to secure $6.4 million in committed facilities.
“Phoenix is pleased that the new financing will provide our client with a solution that meets the objectives of the Company and provides additional capital to support continued growth,” said Joseph Nappi, senior managing director at Phoenix Capital Resources._x000D_
Action Ambulance is an ambulance and specialized transportation service company located in New England. Since its founding, the company has grown from providing primarily paramedic services to providing non-emergency transportation, chair-car and paratransit services as well. Action Ambulance provides emergency services in nine communities and services a multitude of organizations including, but not limited to, municipalities, hospitals, and nursing homes.
Phoenix Management Services provides turnaround, crisis and interim management, and specialized advisory services for both distressed and growth-oriented companies.
