SunCrest Healthcare Receives New $32.5 Million Senior Credit Facility
SunCrest Healthcare, Inc. (“SunCrest”), a leading provider of home heath and related services across the Southeast U.S., recently received a $32.5 million senior credit facility from a syndicate led by Bank of America (as agent), First Tennessee Bank and CapStar Bank.
Since its founding in 2005, SunCrest has grown rapidly both via acquisition and organically to create a successful platform in the home health industry with a presence in six states and over 30 branch locations. Proceeds from the new senior credit facility will be used to pursue additional acquisition opportunities in the pipeline as well as refinance existing debt.
“We are excited to form relationships with our new capital providers, and once again appreciate the guidance of Harpeth Capital on this transaction. The team at Harpeth Capital has been a true partner to SunCrest and the management team since our inception. They conducted a well organized, hands-on and successful process to identify banks that have an understanding of our industry and an appreciation for what SunCrest has accomplished. We are excited about the strategic and transaction opportunities that this financing will provide.”
— John “Wally” Dant, President and CEO, SunCrest Healthcare
Harpeth Capital served as exclusive financial advisor to SunCrest in connection with the transaction.