Alaris Royalty commits $18.5 mln to Mid-Atlantic Health Care
Alaris Royalty Corp recently made a US$13.3 million ($18.5 million) contribution to Mid-Atlantic Health Care LLC, a nursing and rehabilitation provider with 21 facilities in Maryland and Pennsylvania. Alaris also agreed to commit another US$14 million to the Timonium, Maryland-based company. Both investments are linked to initial distributions from Mid-Altantic. Alaris reported that its first commitment to Mid-Atlantic, which closed at the end of December, brought its total capital deployed in 2015 to $173.5 million. That is the largest annual deployment to date by the Calgary-based alternative equity firm.
3 February 2016•9 mins read
