Alaris invests $20 mln in Accscient, secures KMH proceeds

Canadian alternative equity firm Alaris Royalty Corp has invested US$20 million in Accscient LLC, an Atlanta, Georgia-based provider of information technology staffing, consulting and outsourcing services. The deal gives Alaris an annualized distribution of US$3 million and will allow Accscient to pay down debt and access working capital. Alaris also said it received $9.8 million in proceeds from KMH LP, a Toronto-based healthcare services provider, following the sale of most of the company's Canadian clinics to a third party. A negotiated deal will allow Alaris to conclude the partnership and collect amounts outstanding.

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