Wingspire Capital provided a $55 million revolving credit facility to a contract healthcare services provider. Wingspire Capital’s healthcare finance team partnered with the borrower to deliver a financing solution designed to enhance liquidity and support its strategic objectives. Proceeds will be used to replace a previous credit facility and create greater liquidity for general corporate purposes.
“We enjoyed working with the borrower’s dedicated management team to understand their business objectives, opportunities and challenges so we could develop an ideal financing solution that met their unique needs,” Mark Klaassens, managing director at Wingspire Capital, said.
“Wingspire Capital is pleased to be a lender of choice for middle market companies in healthcare and many other industries as we offer superior personalized attention, creativity and flexible capital to elevate businesses and accelerate their success,” James Garlick, head of Wingspire Corporate Finance, said.
