Capital One served as administrative agent and lead bookrunner for a $65 million senior secured credit facility to support the acquisition of National Home Health Care Corporation by Blue Wolf Capital.
National Home Health Care (NHHC) is headquartered in Scarsdale, NY. Its 4,600 full- and part-time employees provide a broad range of health care services throughout the Northeast. Through its subsidiaries, NHHC provides home health aides and personal care workers services in the New York metropolitan area, northern New Jersey, and Connecticut. NHHC also provides medical, behavioral health and pediatric skilled nursing, rehabilitative therapy, social work, paraprofessional and staffing services throughout Connecticut and Massachusetts.
Blue Wolf Capital is a New York-based private equity firm specializing in control investments in middle-market companies. Blue Wolf helps transform companies strategically, operationally and collaboratively, managing challenging situations and complex relationships between business, customers, employees, unions and regulators to build value for all stakeholders.
“NHHC provides outstanding service in a vital healthcare sector, and we believe this transaction will help take the company to the next level of growth,” said Jeremy Kogler, Principal of Blue Wolf. “We anticipate growing demand for NHHC’s broad range of skilled professionals and we look forward to working with the NHHC team. This is our first engagement with Capital One and we benefited from their expertise in deal structuring as well as from their deep knowledge of the healthcare industry.”
“We were pleased to work closely with both Blue Wolf and NHHC on this financing,” said Al Aria, Senior Managing Director of Capital One Healthcare. “The Blue Wolf team’s operational and financial expertise will help NHHC reach its growth objectives while supporting a high level of professionalism and client service.”
Capital One Healthcare is a leading provider of financial services to the industry. Customers across healthcare sectors—including long term care, pharmaceuticals, medical devices, hospitals and outpatient services, healthcare IT and medical properties —rely on Capital One Healthcare to finance acquisitions, refinance existing debt, support working capital needs and fund growth initiatives. With in-depth expertise, our team of professionals creates solutions tailored to meet the needs of our customers.
Capital One Healthcare is a part of Capital One Commercial Banking, which leverages a relationship-based banking mode that seamlessly delivers an array of products and services including loans and deposit accounts, treasury management services, merchant services, investment banking, international services and correspondent banking.