Golub Capital recently announced that as Sole Bookrunner, Sole Lead Arranger and Administrative Agent, it provided a $695 million GOLD facility to refinance an existing GOLD facility held by Radiology Partners, Inc., a portfolio company of New Enterprise Associates. Golub Capital led a syndicate of lenders in the firm's largest lead GOLD deal to date. The refinancing will enable Radiology Partners to fund future growth, refinance existing debt and complete the acquisition of Southwest Diagnostic Imaging. GOLD financings are Golub Capital One-Loan Debt facilities.
"Since Golub Capital first partnered with Radiology Partners in 2013, the company has continued to expand its position as an innovative industry leader in radiology with the support of our flexible, competitively priced financing solutions," said Stefano Robertson, Managing Director and Head of Healthcare Finance at Golub Capital. "Radiology Partners' differentiated position and steady revenue growth makes them a desirable long-term partner and we are delighted to support one of their latest milestones, the acquisition of Southwest Diagnostic Imaging."
Radiology Partners is the largest physician-owned and physician-led radiology practice in the United States. Formed by NEA and a highly experienced healthcare services management team in November 2012, the Company focuses on enhancing value for its clients through improvements in clinical quality, service and resource utilization. Using a variety of evidence-based clinical programs, Radiology Partners has demonstrated its commitment to a patient-first approach, ensuring consistent delivery of top quality radiology care. The Company's physicians offer 24/7, year-round on-site and remote coverage to their diverse base of hospital and imaging center customers, providing final interpretations by local radiologists offering a complete range of sub-specialty care. The acquisition of Southwest Diagnostic Imaging establishes the Company as the leading provider of radiology services in Arizona.
"This tailored financing solution is a strong reflection of Golub Capital's healthcare sector expertise and deep access to the capital markets critical to the continued growth of Radiology Partners' practice. Golub delivered an extremely efficient deal on time and as expected, which is why they remain a valued partner to us," said Mohamad Makhzoumi, General Partner and Global Head of Healthcare Services at NEA.