Originally published by Yahoo! Life on March 21, 2023
NEW YORK, March 21, 2023--(BUSINESS WIRE)--Brightwood Capital Advisors ("Brightwood"), a middle market private credit firm, announced it has led a $300 million senior secured credit facility financing to Giving Home Health Care ("GHHC"). The financing was used to support GHHC’s recent partnership with FS Investments and to fund its strategic growth initiatives.
Founded in 2012, GHHC coordinates skilled and unskilled home health and home aid services to long term chronically ill individuals in Arizona, Colorado, Nevada, New Mexico, Texas, and Utah. These individuals typically suffer from a work-related accident or toxic exposure that leaves them needing the high level of care provided by GHHC.
"We are pleased to continue deepening our relationship with FS Investments and to support the growth of Giving Home Health Care, which coordinates critical medical support to so many in need," said Kunal Shah, Managing Director at Brightwood. "Given FS Investments’ track record in healthcare and deep industry knowledge, we are confident in their ability to scale GHHC and capitalize on its growth trajectory."
"Brightwood’s healthcare sector expertise and partnership approach were vital in bringing this transaction to fruition," said Rushabh Vora, Managing Director at FS Investments. "With Brightwood as our trusted partner, we are confident that Giving Home Health Care can further its mission to help a broader range of beneficiaries receive the medical services they need to live comfortably."
GHHC was advised by The Braff Group and Polsinelli. FS Investments was advised by Orrick Herrington & Sutcliffe LLP. Brightwood Capital was advised by Akin Gump Strauss Hauer & Feld LLP.
About Brightwood Capital
Brightwood Capital Advisors, LLC is a private credit firm with a long-standing track record of investing in middle market businesses. Brightwood specializes in providing senior debt capital primarily to U.S. businesses with $5-$75 million of EBITDA within five core industries: technology & telecommunications, healthcare, business services, transportation & logistics and franchising. Brightwood partners with non-sponsored businesses as well as private equity sponsors to provide customized financing solutions for directly originated investments.
Founded in 2010, Brightwood is a minority-owned firm with a team of over 50 employees who manage more than $5 billion of assets on behalf of its primarily institutional investor base. Brightwood is headquartered in New York City. For more information, please visit: https://brightwoodlp.com/.
About FS Investments
FS Investments is a leading asset manager dedicated to helping individuals, financial professionals and institutions design better portfolios. The firm manages over $35 billion in assets, provides access to alternative sources of income and growth, and focuses on setting industry standards for investor protection, education and transparency. FS Investments has over 350 employees and is headquartered in Philadelphia, PA with offices in New York, NY, Orlando, FL and Leawood, KS. Visit www.fsinvestments.com to learn more.
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