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Main Street Invests $13MM in Valley Healthcare Group

January 05, 2016, 08:03 AM
Filed Under: Healthcare

Main Street Capital Corporation  recently led a new portfolio investment totaling $13.0 million of invested capital in Valley Healthcare Group, LLC ("VHG" or the "Company") to fund the Company's near-term growth opportunities and refinance existing debt, with Main Street funding $10.4 million of the investment.  The investment in VHG consisted of first-lien, senior secured term debt. In addition, Main Street and its co-investor are providing VHG a conditional commitment for additional capital to support its future growth opportunities.

Headquartered in Phoenix and founded in 2006 by long-established industry experts, VHG is a leading provider of durable medical equipment, custom rehabilitation, mobility solutions, and sleep center services, primarily in Phoenix, Arizona. VHG owns and operates five pulmonary-related entities that provide continuous positive airway pressure and bi-level positive airway pressure equipment, oxygen, related supplies, ventilators, nebulizers and other equipment to patients with sleep apnea and other respiratory deficiencies. VHG also specializes in diagnostic sleep disorder testing and operates seven sleep centers in Phoenix, Arizona, two in Tucson, Arizona, and one in Omaha, Nebraska.

Main Street  is a principal investment firm that provides long-term debt and equity capital to lower middle market companies and debt capital to middle-market companies. Main Street's portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors.







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