Radiology Partners receives $695M in refinancing: 5 key notes

Golub Capital provided $695 million to refinance an existing GOLD facility held by Radiology Partners, which is a portfolio company of New Enterprise Associates.

 

Here are five things to know:

1. Golub has been involved with the company since 2013, having led a syndicate of lenders in the firm's largest GOLD deal to date. Since then, Radiology Partners has expanded its position in the radiology industry.

2. Radiology Partners plans to use the refinancing for future growth as well as to acquire Southwest Diagnostic Imaging and refinance existing debt.

"Radiology Partners' differentiated position and steady revenue growth makes them a desirable long-term partner and we are delighted to support one of their latest milestones, the acquisition of Southwest Diagnostic Imaging," said Managing Director and Head of Healthcare Finance at Golub Capital Stefano Robertson.

3. Radiology Partners is a large physician-owned and physician-led radiology practice that focuses on spreading its patient-first approach developed through evidence-based clinical programs. The company offers year-round onsite and remote coverage 24/7 to hospital and imaging center customers.

4. Post-acquisition, Radiology Partners will be the leading radiology services provider in Arizona.

5. Golub Capital Middle Market Lending Group provides financing for middle market, private equity-based transactions and arranges credit facilities up to $750 million.

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