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Alignment Credit Provides $20MM Acquisition Financing to MindCare Solutions

July 19, 2021, 07:40 AM
Filed Under: Healthcare
Related: Alignment Credit

Alignment Credit acted as the sole lead arranger and administrative agent on up to $20.0 million senior secured credit facilities for MindCare Solutions Group, in order to support MindCare’s acquisition of TriCounty Tele Behavioral Services, LLC and other strategic initiatives.

MindCare, a portfolio company of WP Global Partners, is a leading provider of telepsychiatry and telebehavioral health services based in Nashville, Tennessee. TriCounty offers a wide range of telebehavioral health care and telepsychiatry services across the Orlando Metro area.

Vadim Margulis of Alignment Credit said, “Alignment Credit appreciates the opportunity to support WP Global Partners and MindCare and TriCounty management teams as they continue to execute on their successful acquisition and organic growth strategy. We are confident in the ability of the combined company to meet the growing demand for high quality telebehavioral health solutions across the US and create value for all stakeholders.”

“We are pleased to be partnering with Alignment Credit, in adding together the complementary market-leading capabilities of MindCare and TriCounty” said David Morris of MindCare. “Alignment Credit’s collaborative approach to structuring a credit solution tailored to MindCare’s strategic needs in a timely manner made them an ideal debt financing partner for us,” added Bijal Shah of WP Global Partners.







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