WEST PALM BEACH, Fla., March 22, 2018 (GLOBE NEWSWIRE) -- Comvest Credit Partners (“Comvest”) has acted as Documentation Agent and Lender in a $169.5 million senior secured credit facility (the “Financing”) to American Physician Partners, LLC (“APP” or the “Company”), a company backed by APP’s management team and BBH Capital Partners (“BBHCP”). APP provides hospitals with an outsourced emergency department management platform and hospital staffing services. The Financing will be used to fund future acquisitions, ongoing working capital and capital expenditures needs, and other general corporate purposes. Goldman Sachs Specialty Lending Group acted as Administrative Agent for the Financing.
About American Physician Partners, LLC:
American Physician Partners, founded in 2015 by a highly experienced leadership team comprised of both former hospital system executives and ED physicians, is a leading independent provider of outsourced ED management to hospitals in the U.S. For more information, please visit their website.
About Comvest Credit Partners:
Comvest Credit Partners focuses on providing flexible financing solutions to middle-market companies. We provide senior secured, unitranche, second lien, and mezzanine capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations. Credit facilities typically range from $20 million to $200 million for companies with revenues greater than $20 million. We have offices located in West Palm Beach, Chicago, Los Angeles and New York. For more information, please visit our website.
About Comvest Partners:
Comvest Partners is a private investment firm providing equity and debt to middle-market companies across the U.S. Since its founding in 2000, Comvest has invested over $3.0 billion in over 160 companies. Today, Comvest’s funds have $3.1 billion of assets under management. Through our extensive capital resources and broad network of industry relationships, we offer our companies financial sponsorship, critical strategic and operational support, and business development assistance. For more information, please visit our website.
For more information:
Jason Gelberd, Comvest Credit Partners – (561) 727-1860, j.gelberd@comvest.com
Tom Goila, Comvest Credit Partners – (561) 727-2030, t.goila@comvest.com