Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a $32.7 million credit facility and equity co-investment to support the recapitalization of S&S HealthCare Strategies, Ltd. (“S&S”) by private equity sponsor, Level Capital Partners.
 
Based in Cincinnati, Ohio, S&S is a Third Party Administrator (“TPA”) specializing in a full service health care delivery system. S&S provides a suite of services including claims adjudication and network management directly to middle-market employers as well as providing these services on an outsourced basis to other TPAs.
 
This transaction is representative of Monroe Capital’s focus on its independent sponsor vertical. The independent sponsor finance vertical focuses on providing comprehensive “one-stop” solutions for independent sponsors seeking financing for acquisitions, mergers, business combinations and recapitalizations.