FH MD Buyer, Inc. (MedData)
Overview
Deal Type |
Debt Capital Markets |
---|---|
Size |
$260 Million Senior Secured Credit Facilities |
Client & Transactional Partners |
FH MD Buyer, Inc. (MedData) Frazier Healthcare Partners The Edgewater Funds |
Our Role |
Sole Lead Arranger Sole Bookrunner Administrative Agent |
Summary
On July 22, 2021, KeyBanc Capital Markets (“KBCM") successfully closed the syndication of $260 Million of Senior Secured Credit Facilities for FH MD Buyer, Inc. (“MedData” or the “Company”). The $30 Million Revolving Credit Facility (the “Revolver”) and $230 Million Senior Secured Term Loan (the “Term Loan”), will be used to support the Company’s acquisition of DECO Recovery Management, LLC, refinancing of existing indebtedness and transaction related fees and expenses. KBCM was chosen to serve as Sole Lead Arranger, Sole Bookrunner & Administrative Agent on this transaction due to Cain Brothers’ strong industry knowledge in Revenue Cycle Management and the strength of our Leveraged Finance platform.
MedData is a leading provider of RCM services for hospitals, health systems and healthcare providers. MedData’s market leading proprietary technology platform offers a unified suite of solutions designed to engage patients, empower physicians and hospitals, and improve financial outcomes throughout the entire healthcare continuum. The Company currently serves more than 10,000 physicians across a network of 3,000+ facilities nationwide with more than 20 regional offices across the United States.
Founded in 1991, Frazier Healthcare Partners is a leading provider of growth capital dedicated to the healthcare Industry.
The Edgewater Funds is a Chicago-based private equity firm. Edgewater provides capital and experience to outstanding growth companies.