Golub Capital Provides $71 Million One-Loan Debt Facility to Support the Recapitalization of Results Physiotherapy
CHICAGO, April 27, 2017 /PRNewswire/ — Golub Capital recently announced that as Sole Bookrunner, Sole Lead Arranger & Administrative Agent, it provided a GOLD facility to support the growth recapitalization of Results Physiotherapy, a portfolio company of Chicago-based private equity firm, Sterling Partners. GOLD financings are Golub Capital One-Loan Debt facilities.
Results Physiotherapy, headquartered in Franklin, Tennessee, is a leading provider of outpatient physical therapy services with a network of over 125 clinics across nine states. Founded over 20 years ago, the company offers world-class physical therapy that goes beyond traditional exercise-only treatments and utilizes an innovative hands-on approach. Results Physiotherapy patient outcomes are in the top 10 percent of the PT industry, as measured by Focus on Therapeutic Outcomes Inc., an independent organization dedicated to measuring physical therapy outcomes and patient satisfaction.
“We’re thrilled to expand our partnership with Results Physiotherapy and Sterling Partners, this time as lead arranger, to support their next chapter of growth,” said Craig Palmer of Golub Capital.
“Golub’s expertise in the physical therapy industry and flexible financing solutions enabled us to move quickly to expand the facility in support of our company’s rapid growth plan,” said David Canniff, Chief Financial Officer of Results Physiotherapy.
About Golub Capital Middle-Market Lending
Golub Capital’s Middle Market Lending group provides financing for middle market, private equity-backed transactions with hold positions of up to $400 million and is an arranger of credit facilities up to $750 million. Golub Capital’s award-winning team strives to establish long-term, win-win partnerships by providing dependable, fast and creative solutions that meet private equity sponsors’ and portfolio companies’ needs.
Golub Capital is a nationally recognized credit asset manager with over $20 billion of capital under management. For over 20 years, the firm has provided credit to help medium-sized U.S. businesses grow. The firm’s award-winning middle market lending business helps provide financing for middle market companies and their private equity sponsors. Golub Capital’s credit expertise also forms the foundation of its Late Stage Lending and Broadly Syndicated Loan businesses. Golub Capital has worked hard to build a reputation as a fast, reliable provider of compelling financing solutions, and we believe this has inspired repeat clients and investors. Today, the firm has over 300 employees with lending offices in Chicago, New York and San Francisco. For more information, please visit www.golubcapital.com.
About Sterling Partners
Sterling Partners is a private equity firm with a distinct point of view on how to build great companies. Founded in 1983, Sterling has invested billions of dollars, guided by the company’s stated purpose: INSPIRED GROWTH®, which describes Sterling’s approach to investing in differentiated businesses and growing them in inspired ways. Sterling focuses on investing growth capital in middle market companies in the healthcare services and business services industries. Sterling provides valuable support to the management teams of the companies in which the firm invests through a deep and dedicated team of professionals, including a strong network of outside directors and advisors. The people at Sterling believe in ideas and ideals, in people and in partnerships that drive long-term success. For more information, visit: www.sterlingpartners.com.
About Results Physiotherapy
Headquartered in Franklin, Tennessee, Results Physiotherapy is one of the largest and fastest growing physical therapy companies in the U.S., operating a network of over 125 clinics in nine states. Recognized for its innovative hands-on approach, which yields faster pain relief and longer lasting recovery, Results Physiotherapy patient outcomes are in the top 10 percent of the PT industry, as measured by independent data sources. The company’s licensed therapists are trained in the newest, evidence-based techniques from around the world, and receive four times more training than the average PT in the U.S.
SOURCE Golub Capital
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