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Golub Capital Supports Radiology Partners’ Growth

February 26, 2018, 08:01 AM
Filed Under: Medical

Golub Capital recently announced that, as Sole Bookrunner, Administrative Agent and Sole Lead Arranger, it provided a $270 million delayed draw term loan to Radiology Partners, Inc, a portfolio company of New Enterprise Associates, raising the Company's GOLD facility to $1 billion. GOLD financings are Golub Capital One-Loan Debt facilities. The financing will support Radiology Partners' acquisition of Renaissance Imaging Medical Associates ("RIMA") and continued growth strategy.

The $1 billion GOLD facility consists of a $40 million revolver, $690 million term loan and $270 million DDTL that is available until December 2019. This marks Golub Capital's largest DDTL facility to date.

"Radiology Partners and New Enterprise Associates are valued partners and we have remained committed to their growth by meeting their dynamic and evolving financing needs," said Stefano Robertson, Managing Director and Head of Healthcare Finance at Golub Capital. "We are pleased with our ability to deliver this significant DDTL, affording them a greater timeline to make future strategic decisions."

"Golub Capital's healthcare team continues to meet us at every turn of Radiology Partners' evolution. Golub has proven to be a highly differentiated debt capital markets partner who has been integral to fueling Radiology Partners' hyper growth," said Mohamad Makhzoumi, General Partner and Global Head of Healthcare Services at NEA.

The acquisition of RIMA will allow Radiology Partners to continue to expand its services and reach more patients throughout the U.S. Formed by NEA in November 2012, the Company is the largest hospital-based radiology practice in the country with a focus on clinical value and service. Radiology Partners' 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.







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