Medstream Anesthesia Solutions joined National Partners in Healthcare, a healthcare organization that provides anesthesiology services. Texas Capital Bank agented and arranged a $125 million senior secured debt facility to support the acquisition, refinance existing debt and provide growth capital to National Partners in Healthcare. The acquisition financing was closed and funded on April 7.
“We are thrilled to partner with the physicians and staff at Medstream, as this combination expands NPH’s footprint into the Southeast, Mid-Atlantic, Northeast, Pacific Northwest and Hawaii,” Mike Saunders, CEO of National Partners in Healthcare, said. “In combination with NPH’s existing operations in the southwestern U.S., we have created a national platform in anesthesia. We entrusted Texas Capital Bank to lead our acquisition financing during a time of uncertainty in the credit market and the team executed. This financing will support NPH’s continued growth and further solidify our market leadership.”
“It was a pleasure to partner with NPH to support its transformative acquisition of Medstream,” Daniel Hoverman, head of corporate and investment banking at Texas Capital Bank, said. “NPH’s continued growth is a testament to its management team and its commitment to providing high-quality services. We are grateful for the confidence entrusted to our team and for the opportunity to help NPH achieve this key milestone.”
