Franklin Square Capital Partners, the largest manager of business development companies, is providing National Surgical Healthcare a $52.5 million second lien loan, according to MarketWatch.
Here are five things to note:
1. The financing was provided by FS Investment Corporation, FS Investment Corporation II and FS Investment Corporation III.
2. National Surgical Healthcare's acquisition of a majority interest in Optim Healthcare, a physician led provider of general and specialty healthcare services, is supported by the financing.
3. The financing affirms National Surgical Healthcare's acquisition of additional equity ownership in one of its existing surgical facilities.
4. Michael C. Forman, chairman and chief executive officer of FSIC, FSIC II and FSIC III, states the lending capacity across the corporation's business development companies allows for them to finance strong middle market companies such as National Surgical Healthcare.
5. Brad Marshall, senior managing director at GSO and senior portfolio manager of FSIC, FSIC II and FSIC III, believes the National Surgical Healthcare's operating model focusing on non-emergency procedures along with its superior patient outcomes allows the company to further expand its healthcare footprint.
For more ASC-related news:
Franklin Square Provides $52.5 Million to National Surgical Healthcare
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