J.H. Whitney-backed PSA Healthcare secures $7.5 mln from Penfund
Canadian private equity firm Penfund has provided an incremental US$7.5 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 facility, together with an incremental US$25.0 million first lien term facility, were used to support PSA's buy of Care Unlimited, a provider of pediatric home nursing services in western Pennsylvania. Last year, Penfund invested US$37 million of debt and equity in Atlanta, Georgia-based PSA. This was announced shortly after the company's acquisition by U.S. private equity firm J.H. Whitney Capital Partners.
17 February 2016•3 mins read
