Penfund invests $9 mln in support of PSA Healthcare add-on deal
Canadian private equity firm Penfund has provided an incremental US$9 million second lien term facility to Pediatric Services Holding Corp (PSA Healthcare), a provider of home nursing services to medically fragile children in the United States. The proceeds of the investment were used to support PSA's buy of Professional Pediatric Home Care. To date, Atlanta, Georgia-based PSA has secured US$53.5 million in debt and equity financing from Penfund, including a second lien term facility announced in February. The company is a portfolio investment of U.S. private equity firm J.H. Whitney Capital Partners, which acquired it in early 2015.
28 September 2016•3 mins read
