NXT Capital announced that it has provided a $39 million senior credit facility to fund Arlington Capital Partners’ acquisition of Ontario Systems, LLC. NXT Capital was the sole lead arranger, sole bookrunner and administrative agent for this transaction. 

Arlington Capital Partners, a Washington, D.C. based private equity firm, has managed $1.5 billion of committed capital via three investment funds that focus on middle-market investment opportunities in healthcare services, government services and technology, aerospace/defense, and outsourced business services and software.

“We’re very pleased to work with NXT Capital again,” said Matthew Altman, Partner, Arlington Capital Partners. “NXT provided the creativity, certainty and in-depth healthcare industry knowledge we needed to quickly move ahead on this opportunity.” 

Ontario Systems is a leading provider of revenue cycle management and accounts receivable management solutions for the healthcare and outsourced accounts receivable management industries. Offering a full portfolio of software, services and business process expertise, Ontario Systems customers include nine of the ten largest accounts receivable management agencies and three of the top six best health systems in the U.S., with 55,000 representatives in more than 500 locations.

NXT Capital provides structured financing solutions through its corporate finance, equipment finance and real estate finance groups and is based in Chicago with offices in Atlanta, Charlotte, Dallas, Los Angeles, Nashville, New York, Phoenix, San Francisco and Stamford.