Investment Summary

Enhanced Healthcare Partners and Monroe Capital Invest In Priority Ambulance

On April 24, 2017, private equity firm Enhanced Healthcare Partners and lender Monroe Capital invested in healthcare services company Priority Ambulance

Investment Highlights
  • This is Enhanced Healthcare Partners’ 9th and Monroe Capital’s 5th transaction in the Healthcare Services sector.
  • This is Enhanced Healthcare Partners’ 12th and Monroe Capital’s 65th transaction in the United States.
  • This is Enhanced Healthcare Partners’ 3rd and Monroe Capital’s 2nd transaction in Tennessee.

Investment Summary

Date 2017-04-24
Target Priority Ambulance
Sector Healthcare Services
Investor(s) Enhanced Healthcare Partners
Monroe Capital
Deal Type Growth Capital

Target

Priority Ambulance

Knoxville, Tennessee, United States
Priority Ambulance provides emergent and non-emergent medical transportation services. Priority Ambulance currently operates under the Shoals Ambulance and Priority Ambulance brands. Priority Ambulance’s EMTs, paramedics, nurses, and support teams deliver exceptional patient care and customer service to nearly 500,000 patients each year. Priority Ambulance was founded in 2014 and is based in Knoxville, Tennessee.

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Investor(S) 2

Investor

Enhanced Healthcare Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Enhanced Healthcare Partners is a specialist private equity firm that invests in lower-middle market growth companies in the healthcare sector. The Firm seeks to invest $10 to $50 million per transaction and will consider a variety of transaction types, including buyouts, growth equity, and recapitalizations. Enhanced Healthcare Partners was formed in 2005 and is based in New York City.


DEAL STATS #
Overall 12 of 20
Sector (Healthcare Services) 9 of 11
Type (Growth Capital) 3 of 9
State (Tennessee) 3 of 3
Country (United States) 12 of 20
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-30 WellBiz Brands

Denver, Colorado, United States

WellBiz Brands is a provider of therapeutic massage, and Fitness Together, personalized fitness training solutions. WellBiz Brands was founded in 1983 and is based Denver, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-05 SCA Pharma

Little Rock, Arkansas, United States

SCA Pharma specializes in preparing sterile pharmaceuticals customized for hospital pharmacies and healthcare facilities nationwide. SCA Pharmaceuticals products and services have consistently proven to significantly increase efficiencies and reduce costs to these organizations. SCA Pharma was founded in 2010 and is based in Little Rock, Arkansas.

Buy -
Investor

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago.


DEAL STATS #
Overall 65 of 115
Sector (Healthcare Services) 5 of 7
Type (Growth Capital) 28 of 36
State (Tennessee) 2 of 6
Country (United States) 65 of 114
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-06 MooreCo International Holdings

Temple, Texas, United States

MooreCo is an innovative designer and manufacturer of visual-communication products, technology support equipment, and furniture for the educational and commercial office markets. The Company markets its products through three brand divisions: Best-Rite, Balt and MooreCo.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 OSG Billing Services

Ridgefield Park, New Jersey, United States

OSG Billing Services is a global provider of customer engagement and payment solutions. The company helps clients to integrate critical customer interactions, optimizing working capital, and driving profitable business growth. These solutions connect the entire customer experience by aligning transactional, payment, and marketing touchpoints for simplified operations and smarter engagement across a diversified variety of end markets, including financial services, real estate, healthcare, and governments & municipalities. OSG Billing Services was founded in 1992 and is based in Ridgefield Park, New Jersey.

Sell -