Varagon Capital Partners (Varagon) announced it is serving as administrative agent, lead arranger and bookrunner on a senior secured credit facility to support the acquisition of Pediatric Home Service (PHS) by InTandem Capital Partners.

Founded in 1990 and headquartered in Roseville, MN, Pediatric Home Service is the largest provider of complex and comprehensive in-home care to medically fragile infants, children and adolescents in the upper Midwest.

“We are excited to support InTandem and the Pediatric Home Service management team,” said Steve Warden, Partner at Varagon. “This represents Varagon’s first financing investment with InTandem. We look forward to the continued success and growth of PHS.”

“Varagon demonstrated their healthcare expertise and financing creativity, allowing us to partner with the clinical excellence of Mark Hamman and the PHS team as we build upon their success in Minnesota and new markets”, noted Micah Meisel, Managing Director at InTandem.