Victory Park Capital Provides $50 Million Credit Facility to Access Integrated Healthcare
Sep 30, 2015
CHICAGO – September 30, 2015 – Victory Park Capital (VPC), an asset management firm focused on middle market debt and equity investments, announced today that it has provided a $50 million senior secured credit facility to Access Integrated Healthcare (AIH), a provider of diagnostic imaging services to specialty sectors including workers’ compensation and personal injury. The facility will finance the expansion of AIH’s business.
“AIH is led by a seasoned management team with an impressive track record of professionalizing and rapidly expanding businesses,” said Jason Brown, partner at VPC. “We believe AIH presents a unique value creation opportunity to deliver high quality offerings to underserved markets.”
AIH is led by Manel Sweetmore, CEO, and James Castro, executive vice president of Strategy and Corporate Development, and has grown to become one of the largest providers of diagnostic imaging services to the underserved out-of-network workers’ compensation market. In addition to VPC’s credit facility, AIH raised its first outside capital in April 2015, closing a $9.5 million facility with Penta Mezzanine Fund.
“A value-added partnership with an asset management firm of VPC’s caliber further validates our business strategy,” said Sweetmore. “We look forward to partnering with VPC’s experienced investment team to help support the continued expansion of our business and position the company for accelerated growth.”
About Access Integrated Healthcare
AIH is a multi-faceted healthcare organization focused on generating industry efficiencies through differentiated healthcare services and business process professionalization. Within its healthcare services division, AIH combines wholly-owned facilities with an expansive network of deeply integrated third-party facilities. AIH’s team is trained to identify inefficiencies and implement operational improvement plans across the entire network to offer streamlined outpatient solutions, eliminating high costs and speculative quality often associated with traditional broker models. From an AR servicing perspective, AIH endeavors to create structure and transparency intended to generate benefits across the entire industry’s workflow. Founded in 2009, AIH is headquartered in Los Angeles, California. For more information, visit www.accessih.com.
About Victory Park Capital
Victory Park Capital Advisors, LLC (“VPC”) is a privately held, SEC-registered, global alternative investment firm. VPC provides opportunistic capital solutions to both emerging and established businesses with an expertise investing across various sectors where traditional sources of capital are limited. The firm’s differentiated offerings leverage an extensive network of industry relationships, disciplined deal origination, creative financing capabilities and broad credit structuring and special situations expertise. The firm was founded in 2007 and is headquartered in Chicago with additional offices in New York, Los Angeles and San Francisco. For more information, please visit www.victoryparkcapital.com.