Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support Morgan Stanley Capital Partners in their acquisition of Prescott’s (the “Company”). Prescott’s is a provider of repair and maintenance services, refurbished equipment and parts sales, and rental solutions for surgical and biomedical equipment in healthcare facilities.

Founded in 1984 and headquartered in Monument, CO, Prescott’s is a leading provider of healthcare medical equipment service solutions, alongside refurbished equipment & parts sales, and rentals. The Company helps healthcare providers reduce equipment downtime, simplify equipment management, and reduce repair and maintenance costs. The Company covers critical surgical suite equipment modalities including surgical microscopes, infusion pumps, patient monitors, anesthesia machines and sterilizers. Prescott’s services health systems, outpatient facilities, clinics, and other care settings nationwide and in the UK through a differentiated workforce of repair technicians.