Golub Capital, as Administrative Agent, Sole Lead Arranger and Sole Bookrunner, provided a GOLD financing and equity co-investment to support the acquisition of Active Day Senior Care by Audax Private Equity.
GOLD financings are Golub Capital One-Loan Debt facilities.
Active Day is a leading operator of adult day health services in the United States with 80 locations across the country. Each of its adult day health centres enables frail, elderly and disabled adults to live at home and remain independent in their communities, while receiving health care and supervision during the day, as well as providing relief and respite for caregivers.
This marks the fifth transaction Golub Capital and Audax have completed together this year.
"We are thrilled to support Active Day through its next phase of growth with Audax," says Brian Crabb, Managing Director of Golub Capital. "Institutionally, we believe that Active Day's focus on reducing the overall cost of care by allowing the elderly to remain in a partial home setting positions the business exceptionally well in the current healthcare environment."
"Golub Capital was the clear choice to lead the transaction given their deep expertise in the healthcare industry and demonstrated ability to support Active Day's growth plans," says Mark Cordes, Managing Director at Audax. "We look forward to our partnership on Active Day and to working with Golub again on future transactions.”
